Xerox Holdings Corporation Announces Early Tender Results for 3.800% Senior Notes due 2024 and 5.000% Senior Notes due 2025
Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the early tender results for the previously announced cash tender offers for the 2024 Notes and 2025 Notes (each as defined below). The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings’ press release dated March 5, 2024, (as so amended, the "Offer to Purchase").
The tender offers comprise (i) Xerox Holdings’ offer to purchase for cash up to $362 million aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) and (ii) Xerox Corporation’s (“Xerox” and, together with Xerox Holdings, the “Company”) offer to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes” and, together with the 2025 Notes, the “Notes”) (collectively, the “Tender Offers”). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. Except as specifically amended in the press release dated March 5, 2024, all other terms of the Tender Offers as previously announced in the Offer to Purchase remain unchanged.
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As of the previously announced early tender date and time of 5:00 p.m., New York City time, on March 15, 2024 (the "Early Tender Date"), according to information provided by Global Bondholder Services Corporation, the tender and information agent for the Tender Offers, the aggregate principal amount of each series of Notes as set forth in the table below under "Principal Amount Tendered at Early Tender Date" has been validly tendered and not validly withdrawn. Withdrawal rights expired at 5:00 p.m., New York City time, on the Early Tender Date.
Title of |
CUSIP |
Principal Amount |
Principal Amount |
Aggregate Principal |
3.800% senior notes due 2024 |
984121 CJ0 |
$300,000,000 |
$82,842,000 |
$82,842,000 |
5.000% senior notes due 2025 |
98421 MAA4; U98401 AA7 |
$750,000,000 |