Xerox Enters Material Definitive Agreement, Faces New Obligations
Ticker: XRXDW · Form: 8-K · Filed: Jun 12, 2024 · CIK: 1770450
| Field | Detail |
|---|---|
| Company | Xerox Holdings Corp (XRXDW) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $300,000,000, $425,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, debt
Related Tickers: XRX
TL;DR
Xerox just signed a big deal, creating new financial obligations. Keep an eye on their debt.
AI Summary
On June 10, 2024, Xerox Holdings Corp. entered into a material definitive agreement, likely related to financing or debt obligations. This filing also indicates the creation of a direct financial obligation or an off-balance sheet arrangement for the registrant. The document includes financial statements and exhibits related to these events.
Why It Matters
This filing signals a significant financial move by Xerox, potentially impacting its debt structure and future financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new material definitive agreements and financial obligations can introduce new risks related to debt covenants, interest rates, and market conditions.
Key Players & Entities
- Xerox Holdings Corp. (company) — Registrant
- XEROX CORP (company) — Former Company Name
- HALOID XEROX INC (company) — Former Company Name
- 201 MERRITT 7 (location) — Company Business Address
- NORWALK, CT (location) — Company Business Address
FAQ
What type of material definitive agreement did Xerox Holdings Corp. enter into?
The filing indicates the entry into a material definitive agreement, but the specific nature of the agreement is not detailed in the provided text. It is also associated with the creation of a direct financial obligation or an off-balance sheet arrangement.
When was this material definitive agreement entered into?
The agreement was entered into on June 10, 2024.
What is the Central Index Key for Xerox Holdings Corp?
The Central Index Key for Xerox Holdings Corp. is 0001770450.
What is the SIC code for Xerox Holdings Corp?
The Standard Industrial Classification (SIC) code for Xerox Holdings Corp. is 3577, which corresponds to COMPUTER PERIPHERAL EQUIPMENT, NEC.
What are the former names of Xerox Holdings Corp. mentioned in the filing?
The filing mentions XEROX CORP and HALOID XEROX INC as former names.
Filing Stats: 674 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-06-12 08:30:40
Key Financial Figures
- $1.00 — erox Holdings Corporation Common Stock, $1.00 par value XRX Nasdaq Global Select M
- $300,000,000 — ers under the ABL Credit Agreement from $300,000,000 to $425,000,000 and (ii) amend certain
- $425,000,000 — L Credit Agreement from $300,000,000 to $425,000,000 and (ii) amend certain covenant thresho
Filing Documents
- d805803d8k.htm (8-K) — 37KB
- d805803dex101.htm (EX-10.1) — 1475KB
- g805803g0610222042835.jpg (GRAPHIC) — 2KB
- 0001193125-24-159622.txt ( ) — 2005KB
- xrx-20240610.xsd (EX-101.SCH) — 5KB
- xrx-20240610_cal.xml (EX-101.CAL) — 1KB
- xrx-20240610_def.xml (EX-101.DEF) — 12KB
- xrx-20240610_lab.xml (EX-101.LAB) — 20KB
- xrx-20240610_pre.xml (EX-101.PRE) — 12KB
- d805803d8k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Amendment No. 2 to Credit Agreement, dated as of June 10, 2024, by and among XEROX CORPORATION, a New York corporation, XEROX HOLDINGS CORPORATION, a New York corporation, the other Loan Parties party thereto, the 2024 Incremental Revolving Lenders party thereto and CITIBANK, N.A., as administrative agent and collateral agent. 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document). - 3 -
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly authorized this Report to be signed on its behalf by the undersigned duly authorized. XEROX HOLDINGS CORPORATION By: /s/ Eric Risi Eric Risi Date: June 12, 2024 Assistant Secretary XEROX CORPORATION By: /s/ Eric Risi Eric Risi Date: June 12, 2024 Assistant Secretary - 4 -