Powered by
Xerox Announces Offers to Exchange Outstanding Notes

Xerox (NYSE:XRX) announced today that it plans to early redeem (retire) $300 million in debt. Additionally, Xerox is targeting to exchange $300 million or more of existing debt for new debt. This is consistent with Xerox's capital allocation guidance to reduce $300 million in debt above the $1 billion in senior notes coming due this year. The exchange of $300 million of existing debt for new debt will also help to optimize Xerox's capital structure by smoothing out and lengthening its debt matur

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 10 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox