Xerox Holdings Corp. Enters Material Definitive Agreement
Ticker: XRXDW · Form: 8-K · Filed: Mar 25, 2024 · CIK: 1770450
| Field | Detail |
|---|---|
| Company | Xerox Holdings Corp (XRXDW) |
| Form Type | 8-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.00, $500 million, $493 m, $362 million, $50 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: XRX
TL;DR
Xerox just signed a big new deal, could mean new debt or obligations.
AI Summary
On March 20, 2024, Xerox Holdings Corp. entered into a material definitive agreement related to a financial obligation. The filing also notes other events and financial statements and exhibits.
Why It Matters
This filing indicates Xerox has entered into a significant new financial agreement, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Xerox Holdings Corp. (company) — Filer
- XEROX CORP (company) — Filer
- HALOID XEROX INC (company) — Former Company Name
FAQ
What type of material definitive agreement did Xerox Holdings Corp. enter into?
The filing indicates an 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' as key items, suggesting a financial agreement.
What is the date of the reported event?
The filing is dated March 25, 2024, and the reported event date is March 20, 2024.
What is Xerox Holdings Corp.'s Central Index Key?
Xerox Holdings Corp.'s Central Index Key is 0001770450.
What is the SIC code for Xerox Holdings Corp.?
The Standard Industrial Classification code for Xerox Holdings Corp. is 3577 (COMPUTER PERIPHERAL EQUIPMENT, NEC).
When was the company formerly known as HALOID XEROX INC?
The date of the name change from HALOID XEROX INC was August 13, 1973.
Filing Stats: 1,283 words · 5 min read · ~4 pages · Grade level 12.7 · Accepted 2024-03-25 16:31:18
Key Financial Figures
- $1.00 — erox Holdings Corporation Common Stock, $1.00 par value XRX Nasdaq Global Select
- $500 million — reviously announced private offering of $500 million aggregate principal amount of 8.875% Se
- $493 m — s from this offering were approximately $493 million, after deducting the initial purc
- $362 million — anding 3.800% Senior Notes due 2024 and $362 million of the Company's 5.000% Senior Notes du
- $50 million — Notes Offering"), raising an additional $50 million and bringing the total gross proceeds f
- $400 m — from the Convertible Notes Offering to $400 million, as well as the early settlement
- $82.8 million — offers, resulting in the repurchase of $82.8 million aggregate principal amount of Xerox Cor
Filing Documents
- d761995d8k.htm (8-K) — 39KB
- d761995dex41.htm (EX-4.1) — 803KB
- g761995g41t79.jpg (GRAPHIC) — 11KB
- 0001193125-24-076544.txt ( ) — 1209KB
- xrx-20240320.xsd (EX-101.SCH) — 5KB
- xrx-20240320_cal.xml (EX-101.CAL) — 1KB
- xrx-20240320_def.xml (EX-101.DEF) — 12KB
- xrx-20240320_lab.xml (EX-101.LAB) — 20KB
- xrx-20240320_pre.xml (EX-101.PRE) — 12KB
- d761995d8k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit 4.1 Indenture, dated March 20, 2024 (the "Indenture"), by and 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 8.875% Senior Note due 2029 (included in Exhibit 4.1). Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). - 3 - 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 25, 2024 XEROX HOLDINGS CORPORATION By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary Dated: March 25, 2024 XEROX CORPORATION By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary - 4 -