Xerox Holdings Corp. Files 8-K with Financial and Equity Updates

TL;DR

Xerox filed an 8-K detailing a new financial obligation and equity sales.

AI Summary

On March 11, 2024, Xerox Holdings Corp. entered into a material definitive agreement related to a financial obligation. The company also reported on unregistered sales of equity securities and other events. The filing details Xerox's financial activities and corporate actions for the period ending March 11, 2024.

Why It Matters

This filing provides insight into Xerox's recent financial commitments and equity transactions, which could impact its financial standing and stock performance.

Risk Assessment

Risk Level: medium — The filing indicates new financial obligations and unregistered equity sales, which can introduce financial risk and dilution concerns.

Key Players & Entities

• Xerox Holdings Corp. (company) — Filer of the 8-K
• XEROX CORP (company) — Related company entity
• HALOID XEROX INC (company) — Former company name

FAQ

Key Financial Figures

• $1.00 — erox Holdings Corporation Common Stock, $1.00 par value XRX Nasdaq Global Select
• $350 million — any") completed its private offering of $350 million in aggregate principal amount of 3.75%
• $50 million — option to purchase up to an additional $50 million aggregate principal amount of the Notes
• $339 m — s from this offering were approximately $339 million, after deducting the initial purc
• $20 million — below). The Company used approximately $20 million of the net proceeds of the offering of
• $1,000 — le conversion price per share, which is $1,000 divided by the then applicable conversi
• $20.84 — itial conversion price of approximately $20.84 per share of Common Stock. The initial
• $16.67 — s a premium of approximately 25% to the $16.67 per share closing price of the Common S
• $28.34 — actions will initially be approximately $28.34 per share, which represents a premium o
• $400,000,000 — ompany commenced a separate offering of $400,000,000 aggregate principal amount of 8.875 % S
• $100 million — e size of the offering was increased by $100 million subsequent to the initial announcement

Filing Documents

• d758352d8k.htm (8-K) — 51KB
• d758352dex41.htm (EX-4.1) — 639KB
• d758352dex101.htm (EX-10.1) — 239KB
• g758352g0311221130085.jpg (GRAPHIC) — 1KB
• g758352g0311221130542.jpg (GRAPHIC) — 2KB
• g758352g0311221130896.jpg (GRAPHIC) — 2KB
• g758352g0311221131028.jpg (GRAPHIC) — 2KB
• g758352g0311221131166.jpg (GRAPHIC) — 2KB
• g758352g0311221131536.jpg (GRAPHIC) — 2KB
• g758352g0312161511204.jpg (GRAPHIC) — 3KB
• 0001193125-24-066013.txt ( ) — 1297KB
• xrx-20240311.xsd (EX-101.SCH) — 5KB
• xrx-20240311_cal.xml (EX-101.CAL) — 1KB
• xrx-20240311_def.xml (EX-101.DEF) — 12KB
• xrx-20240311_lab.xml (EX-101.LAB) — 20KB
• xrx-20240311_pre.xml (EX-101.PRE) — 12KB
• d758352d8k_htm.xml (XML) — 5KB

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit 4.1 Indenture, dated March 11, 2024 (the "Indenture"), among Xerox Holdings Corporation, as issuer, Xerox Corporation and Xerox Business Solutions, LLC, as guarantors, and U.S. Bank Trust Company, National Association, as trustee. Exhibit 4.2 Form of 3.75% Convertible Senior Note due 2030 (included in Exhibit 4.1). Exhibit 10.1 Form of Capped Call Confirmation. Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. The signatures for each undersigned shall be deemed to relate only to matters having reference to such company and its subsidiaries. Dated: March 12, 2024 XEROX HOLDINGS CORPORATION By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary Dated: March 12, 2024 XEROX CORPORATION By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary 5

View Full Filing

View this 8-K filing on SEC EDGAR