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Xerox Corporation Announces the Successful Pricing of $800 million Senior Secured Notes

1. Xerox priced $400M in 10.250% Senior Secured First Lien Notes. 2. This financing could strengthen Xerox’s capital structure and growth initiatives.

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Why Bullish?

The issuance of secured notes can improve liquidity and fund strategic initiatives, potentially driving future growth. Historically, successful debt offerings have often preceded share price increases.

How important is it?

The article discusses a significant capital raising event, which generally influences investor perception positively, reflecting potential for strategic growth.

Why Short Term?

The immediate influx of capital may facilitate quicker expansion and operational enhancements, impacting share value within the next fiscal quarter.

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NORWALK, Conn.--(BUSINESS WIRE)--Xerox Corporation today announced that it has successfully priced an offering of (i) $400,000,000 in aggregate principal amount of 10.250% 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 in aggregate principal amount of 13.500%.

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