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August 24, 2020

Xerox Issues $400 Million of Senior Notes


King & Spalding advised Xerox Holdings Corporation in its offering of $200 million aggregate principal amount of its 5.000% senior notes due 2025 and $200 million aggregate principal amount of its 5.500% senior notes due 2028 in an unregistered offering, generating approximately $405 million in net proceeds to Xerox, after fees and expenses. The proceeds from the offering will be used to pay down debt.

The 2025 notes and 2028 notes are an additional issuance of, the 5.000% senior notes due 2025 issued by Xerox on August 6, 2020 and the 5.500% senior notes due 2028 issued by Xerox on August 6, 2020, respectively.

Xerox is a workplace technology company building and integrating software and hardware for enterprises large and small.

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