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Xerox Corporation Announces Closing of Senior Secured Notes Offering

1. Xerox announced a $800 million offering of senior secured notes. 2. The notes will strengthen financial position and support operations.

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FAQ

Why Bullish?

The issuance of senior secured notes indicates confidence in future operations. Similar past offerings helped support growth and stabilize stock prices.

How important is it?

The capital raised from this offering is significant for operational stability and growth. A successful fundraise can attract positive market sentiment.

Why Short Term?

The immediate liquidity boost could lead to stock performance improvements in the coming quarters. Historically, bond offerings can lead to quick stock price reactions.

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XRXHPQIBM
NORWALK, Conn.--(BUSINESS WIRE)--Xerox Corporation today announced the closing of its offering of (i) $400,000,000 in aggregate principal amount of 10.250% Senior Secured First Lien Notes due 2030 (the “First Lien Notes”) issued by Xerox Corporation and guaranteed by Xerox Holdings Corporation (“Xerox” and, together with Xerox Corporation, the “Company”) and certain of Xerox's domestic and foreign subsidiaries and (ii) $400,000,000 in aggregate principal amount of 13.500% Senior Secured Second.

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