Xerox Holdings Corporation Announces Pricing of Tender Offers for 3.800% Senior Notes due 2024 and 5.000% Senior Notes due 2025
Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the consideration payable in connection with the previously announced cash tender offers for the 2024 Notes and 2025 Notes (each as defined below). The table below sets forth the Total Consideration (as defined below) for each series of Notes.
Title of Security |
CUSIP
Number
Principal
Amount Outstanding
U.S. Treasury Reference
Security
Bloomberg Reference
Page
Fixed
Spread
Early Tender
Payment(1)(2)
Total
Consideration(1)(2
3.800% senior notes
due 2024
984121 CJ0
$300,000,000
UST 0.250% due 05/15/2024
FIT3
+0 bps
$30
$997.23
5.000% senior notes
due 2025
98421 MAA4;
U98401 AA7
$750,000,000
UST 2.000% due 08/15/2025
FIT4
+85 bps
$30
$989.49
(1) |
Per $1,000 amount. |
|
(2) |
The Total Consideration for each series of Notes validly tendered prior to or at the Early Tender Date (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread and is inclusive of the applicable Early Tender Payment. The Total Consideration for each series of Notes does not include the applicable Accrued Interest (as defined below), which will be payable in addition to the applicable Total Consideration. Capitalized terms are as defined below. |