Xerox Holdings Corporation Announces Early Tender Results for 3.800% Senior Notes due 2024 and 5.000% Senior Notes due 2025

Core Viewpoint - Xerox Holdings Corporation has announced early tender results for cash tender offers for its 2024 and 2025 senior notes, indicating a proactive approach to managing its debt obligations and optimizing its capital structure [1][2]. Tender Offers Overview - The tender offers include the purchase of up to $362 million of 5.000% senior notes due 2025 and all of the 3.800% senior notes due 2024 [2]. - The tender offers are governed by the terms outlined in the Offer to Purchase dated March 4, 2024, with amendments made on March 5, 2024 [1][2]. Early Tender Results - As of the early tender date of March 15, 2024, a total of$ 82,842,000 of the 2024 Notes and $544,166,000 of the 2025 Notes were validly tendered [3][4]. - The company will accept$ 362 million of the 2025 Notes on a pro rata basis due to the maximum tender cap being exceeded, with a proration factor of approximately 66.608% [5]. Settlement Information - The company plans to make payments for the validly tendered notes accepted for purchase on March 20, 2024, designated as the Early Settlement Date [4]. Company Background - Xerox has over 100 years of experience in redefining workplace technology, focusing on office and production print technology, and expanding into software and services to support hybrid workplaces [7][8].