Xerox Corp. (XRX) Announces Proposed Convertible Notes Offering
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Xerox Holdings Corporation Announces Proposed Convertible Notes Offering
March 5, 2024 4:52 PM ESTNORWALK, Conn.--(BUSINESS WIRE)-- Xerox Holdings Corporation (NASDAQ: XRX) (the Company or Xerox) announced today its intention to offer, subject to market and other conditions, $300,000,000 aggregate principal amount of convertible senior notes (the Notes) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Act). The Company also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to $45,000,000 aggregate principal amount of additional notes.
The Company intends to use the net proceeds from this offering to fund... More
