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Xerox Corporation Announces Offering of Senior Secured Notes

1. Xerox offers $400 million in Senior Secured Notes due 2030 and 2031. 2. The offering could strengthen Xerox's financial position.

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FAQ

Why Bullish?

The issuance of secured notes often indicates financial stability and investor confidence, similar to past notes offerings by successful firms like Apple in 2013, which bolstered their cash reserves and market confidence.

How important is it?

The article presents a significant corporate financing effort that may improve Xerox's debt structure and overall market outlook, critical for investor confidence and valuation.

Why Long Term?

Secured notes signify a commitment to financial health that can positively influence long-term investor perceptions and company growth, akin to Xerox's past strategic initiatives aimed at market expansion.

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NORWALK, Conn.--(BUSINESS WIRE)--Xerox Corporation today announced an offering of (i) $400,000,000 aggregate principal amount of Senior Secured First Lien Notes due 2030 (the “First Lien Notes”) to be 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 aggregate principal amount of Senior Secured Second Lien Notes due 2031 (the “Second.

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