Xerox

Christa Carone to Join LPL Financial as Chief Marketing and Communication Officer

Retrieved on: 
Monday, March 18, 2024

SAN DIEGO, March 18, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced Christa Carone has joined the firm as Executive Vice President and Chief Marketing and Communication Officer.

Key Points: 
  • SAN DIEGO, March 18, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced Christa Carone has joined the firm as Executive Vice President and Chief Marketing and Communication Officer.
  • Carone leads the firm’s Client and Prospect Marketing, Corporate Communication, Digital & Content Operations, and Brand teams.
  • Carone’s decades of marketing, communication and operational experience within financial services, digital media and advertising technology will help fast-track the evolution of LPL’s brand and go-to-market strategy.
  • Earlier in her career, Carone led communication and brand marketing at Fidelity and held chief marketing and operating officer roles for various media, advertising technology and marketing firms.

David Bywater Joins Torus Board of Directors

Retrieved on: 
Thursday, April 4, 2024

Torus Inc. announced the appointment of David Bywater to its board of directors, marking a significant step for the company in its focus on energy storage and management.

Key Points: 
  • Torus Inc. announced the appointment of David Bywater to its board of directors, marking a significant step for the company in its focus on energy storage and management.
  • "Joining the Torus Board of Directors is not only an honor but a tremendous opportunity to contribute to a company that is redefining the renewable energy landscape,” said Bywater.
  • “The innovative spirit and leadership at Torus are truly exceptional, and I am deeply inspired by their commitment to shaping a sustainable future.
  • It's this combination of outstanding products and visionary leadership that positions Torus for unmatched potential success," added Bywater.

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

Retrieved on: 
Monday, March 18, 2024

As described further in the Offer to Purchase, any 2025 Notes tendered and not accepted for purchase will be promptly credited to the tendering holder's account.

Key Points: 
  • As described further in the Offer to Purchase, any 2025 Notes tendered and not accepted for purchase will be promptly credited to the tendering holder's account.
  • Since the Tender Offer for the 2025 Notes is fully subscribed at the Early Tender Date, Xerox Holdings does not expect to accept for purchase any 2025 Notes tendered after the Early Tender Date on a subsequent settlement date.
  • Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (855) 654-2014 (toll-free) or (212) 430-3774 (collect).
  • The Tender Offers are being made solely by means of the Offer to Purchase.

Xerox Holdings Corporation Announces Pricing of Tender Offers for 3.800% Senior Notes due 2024 and 5.000% Senior Notes due 2025

Retrieved on: 
Monday, March 18, 2024

The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings’ press release dated March 5, 2024 (as amended, the "Offer to Purchase").

Key Points: 
  • The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings’ press release dated March 5, 2024 (as amended, the "Offer to Purchase").
  • The tender offers comprise (i) Xerox Holdings’ offer to purchase for cash up to $362 million aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) and (ii) Xerox Corporation’s (“Xerox” and, together with Xerox Holdings, the “Company”) offer to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes” and, together with the 2025 Notes, the “Notes”) (collectively, the “Tender Offers”).
  • The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.
  • Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (855) 654-2014 (toll-free) or (212) 430-3774 (collect).

Diversity Research Institute to Honor Diversity First Top Companies for Diversity and their CEOs at the 20th Annual National Diversity & Leadership Conference in Dallas, TX

Retrieved on: 
Wednesday, March 13, 2024

The companies to be honored were selected from the U.S. Fortune 500 Governance Report (2023) published by Diversity First and DRI last year.

Key Points: 
  • The companies to be honored were selected from the U.S. Fortune 500 Governance Report (2023) published by Diversity First and DRI last year.
  • The report evaluates the executive and board demographics of U.S. Fortune 500 companies.
  • It assesses racial/ethnic and gender demographics of each company according to 2019 U.S. Census Data, providing each company with a score and a ranking.
  • The DRI, in affiliation with Diversity First, lists the companies with the highest scores as Diversity First Top 50 Companies.

Xerox to deploy Verizon Network as a Service Solutions framework for IT modernization

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Verizon Business today announced Xerox Holdings Corporation (NASDAQ: XRX) is adopting Verizon’s Network as a Service (NaaS) Solutions framework to accelerate the organization’s Reinvention and operating model evolution.

Key Points: 
  • NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Verizon Business today announced Xerox Holdings Corporation (NASDAQ: XRX) is adopting Verizon’s Network as a Service (NaaS) Solutions framework to accelerate the organization’s Reinvention and operating model evolution.
  • “This collaboration with Xerox underscores our commitment to enabling our customers to thrive in the digital age,” said Massimo Peselli, CRO, Verizon Business.
  • “Verizon’s intelligent network framework is designed to empower enterprises to embrace the future of network services, providing unparalleled flexibility and scalability.
  • Additional services include; Verizon Operational and Financial Governance, Contact Center Management, Network and Security Consulting Services and Verizon Maintenance across the Network utilizing Verizon Care.

Tech Industry Leader and Boardroom Powerhouse Maggie Wilderotter Joins Fortinet Board of Directors

Retrieved on: 
Thursday, February 22, 2024

SUNNYVALE, Calif., Feb. 22, 2024 (GLOBE NEWSWIRE) --

Key Points: 
  • “We’re pleased to welcome Maggie Wilderotter to our esteemed board of directors.
  • With this appointment, Maggie transitions her talents from serving as a Fortinet Strategic Advisory Council (FSAC) member, where she gained valuable visibility and insights into Fortinet’s business and vision, to a board member.
  • Maggie is a seasoned business leader known for her distinguished career leading both Fortune 500 corporations and start-up enterprises in the technology and telecommunications sectors.
  • Maggie has also held board positions across various industries, contributing her expertise and leadership to diverse organizations.

Xerox Holdings Corporation Announces Increase in Maximum Tender Cap for 5.000% Senior Notes Due 2025

Retrieved on: 
Tuesday, March 5, 2024

Xerox Holdings Corporation (NASDAQ: XRX) today announced that it has increased the maximum principal amount of its $750 million aggregate principal amount outstanding of 5.000% Senior Notes due 2025 (the “2025 Notes”) that it can repurchase under its previously announced cash tender offer for the 2025 Notes (the “2025 Notes Tender Offer”) from $94 million to $362 million, on the terms and subject to the conditions set forth in the related Offer to Purchase dated March 4, 2024 (the “Offer to Purchase”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) today announced that it has increased the maximum principal amount of its $750 million aggregate principal amount outstanding of 5.000% Senior Notes due 2025 (the “2025 Notes”) that it can repurchase under its previously announced cash tender offer for the 2025 Notes (the “2025 Notes Tender Offer”) from $94 million to $362 million, on the terms and subject to the conditions set forth in the related Offer to Purchase dated March 4, 2024 (the “Offer to Purchase”).
  • The terms of the previously announced cash tender offer by Xerox Corporation for its 3.800% senior notes due 2024 (the “2024 Notes Tender Offer” and, together with the 2025 Notes Tender Offer, the “Tender Offers”) remain unchanged.
  • The complete terms and conditions of the Tender Offers are set forth in the Offer to Purchase, as modified by this press release.
  • Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (855) 654-2014 (toll-free) or (212) 430-3774 (collect).

Xerox Holdings Corporation Announces Offering of Senior Unsecured Notes

Retrieved on: 
Monday, March 4, 2024

Xerox Holdings Corporation (NASDAQ: XRX) today announced that it is offering, subject to market conditions, up to $400 million in aggregate principal amount of Senior Notes due 2029 (the “Notes”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) today announced that it is offering, subject to market conditions, up to $400 million in aggregate principal amount of Senior Notes due 2029 (the “Notes”).
  • The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Xerox Corporation and each of the company’s other domestic restricted subsidiaries that guarantees any of the company’s existing senior credit facilities.
  • The company intends to use the net proceeds from the sale of the Notes to refinance its 3.800% Senior Notes due 2024 (“2024 Notes”) and a portion of its 5.000% Senior Notes due 2025 through a tender offer and/or a redemption and to pay related fees and expenses in connection with such transactions.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.

Xerox Announces Tender Offers for 2024 Notes and 2025 Notes

Retrieved on: 
Monday, March 4, 2024

Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).

Key Points: 
  • Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).
  • The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.
  • The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase.
  • This press release shall not constitute an offer to purchase or a solicitation of an offer to purchase the 2024 Notes or the 2025 Notes.