XEROX


Associated tags: Software, Industrial internet of things, Workforce, Industrial, Hardware, XRX, Retail, Office Products, Consumer Electronics, Xerox, Other Technology

Locations: CONNECTICUT, UNITED STATES, NORTH AMERICA

Xerox Holdings Corporation Plans Webcast to Discuss 2024 First-Quarter Results

Retrieved on: 
Tuesday, April 16, 2024
Consumer Electronics, Retail, Apps, Applications, Technology, Software, Office Products, Hardware, XRX, News

Xerox Holdings Corporation (NASDAQ: XRX) will host a live audio webcast with online presentation slides at 8 a.m.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) will host a live audio webcast with online presentation slides at 8 a.m.
  • ET on Tuesday, April 23rd, to discuss the company’s 2024 first-quarter results.
  • ET.
  • John Bruno, president and chief operating officer, Xerox

Xerox Nominates Seven New Director Candidates for Election to its Board of Directors at 2024 Annual Meeting

Retrieved on: 
Thursday, April 11, 2024
Technology, Office Products, Other Retail, Business, Professional Services, Software, Hardware, Retail, Consumer Electronics, Mastercard, Executive, Human, XRX, Shareholder, Senior, Reinvention, Annual general meeting, Management

Xerox Holdings Corporation (NASDAQ: XRX) today announced, as part of its ongoing Reinvention, the nomination of seven new highly-qualified candidates for election to the Company’s Board of Directors at the Annual Meeting of Shareholders to be held on May 22.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) today announced, as part of its ongoing Reinvention, the nomination of seven new highly-qualified candidates for election to the Company’s Board of Directors at the Annual Meeting of Shareholders to be held on May 22.
  • The candidates collectively bring deep technology, product, finance, and global operations experience.
  • Incumbent directors Steve Bandrowczak, Nichelle Maynard-Elliott, and Scott Letier have also been renominated to continue to serve on the Board of Directors, which will bring the total number of directors to 10.
  • "We are all incredibly excited to welcome Kenny, Amy, John, Ed, Priscilla, Tami and John to the Board.

Xerox Announces New Partnership with PBS Group in Peru and Ecuador

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Consumer Electronics, Retail, Business, Technology, Software, Office Products, Organization, XRX, Partnership, PBS, Drug

Specifically, in Peru and Ecuador, the operations in these countries will transition to Productive Business Solutions Limited (PBS), the company’s long-standing partner throughout Central America, South America and the Caribbean.

Key Points: 
  • Specifically, in Peru and Ecuador, the operations in these countries will transition to Productive Business Solutions Limited (PBS), the company’s long-standing partner throughout Central America, South America and the Caribbean.
  • Xerox employees in both countries will shift to PBS once the transaction closes.
  • PBS will continue to serve Xerox clients in Peru and Ecuador and will become the exclusive distribution partner for Xerox in these markets.
  • We look forward to deepening our longstanding relationship with Xerox and welcome the talented teams in Peru and Ecuador to PBS,” said P.B.

Xerox Holdings Corporation Announces Full Exercise of Over-Allotment Option for its 3.75% Convertible Senior Notes due 2029, and Completion of Series of Financing Transactions

Retrieved on: 
Monday, March 25, 2024
Consumer Electronics, Retail, Other Retail, Technology, Software, Office Products, Hardware, Exercise, Digital, XRX, Sale, Regulation, Senior, Person, Note, The Act, Debt-to-GDP ratio, Convertible, Security (finance)

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) today announced the full exercise of the over-allotment option for its offering of 3.75% Convertible Senior Notes due 2030 (the “Convertible Notes”), raising an additional $50,000,000 and bringing the total gross proceeds from the Convertible Notes offering to $400,000,000.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) today announced the full exercise of the over-allotment option for its offering of 3.75% Convertible Senior Notes due 2030 (the “Convertible Notes”), raising an additional $50,000,000 and bringing the total gross proceeds from the Convertible Notes offering to $400,000,000.
  • “The recently completed note offerings and repurchase of our 2024 and 2025 Notes greatly enhance the Company’s financial flexibility as we execute Xerox’s Reinvention and invest in our growing Digital and IT businesses,” said Xavier Heiss, Chief Financial Officer of Xerox Holdings Corporation.
  • In addition, 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.
  • 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 Holdings Corporation Announces Closing of Senior Notes Offering

Retrieved on: 
Wednesday, March 20, 2024
Office Products, Retail, Consumer Electronics, Technology, Software, Debt-to-GDP ratio, The Act, Person, Note, Regulation, Sale, XRX, Security (finance)

The Company intends to use the net proceeds from this offering, together with the net proceeds from the Company’s previously announced offering of its 3.750% Convertible Senior Notes due 2030, (i) to refinance all of its outstanding 3.800% Senior Notes due 2024 (“2024 Notes”) and $362,000,000 of its 5.000% Senior Notes due 2025 (“2025 Notes”), (ii) to repay, repurchase or redeem a portion of its other outstanding indebtedness and (iii) to pay related fees and expenses.

Key Points: 
  • The Company intends to use the net proceeds from this offering, together with the net proceeds from the Company’s previously announced offering of its 3.750% Convertible Senior Notes due 2030, (i) to refinance all of its outstanding 3.800% Senior Notes due 2024 (“2024 Notes”) and $362,000,000 of its 5.000% Senior Notes due 2025 (“2025 Notes”), (ii) to repay, repurchase or redeem a portion of its other outstanding indebtedness and (iii) to pay related fees and expenses.
  • The Notes and the related guarantees are senior, unsecured obligations of the Company, and interest is payable semi-annually in arrears.
  • In addition, 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.
  • 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 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
Software, Technology, Robotics, Hardware, Xerox, Date, Tender offer, Person, Note, Sale, Exercise, Tender, Security (finance)

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
Hardware, Robotics, Other Technology, Technology, Software, Xerox, Exercise, Sale, Date, Interest, Tender, Tender offer, Accrued interest, Person, Security (finance)

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).

Xerox Announces Sale of Argentina and Chile Direct Business to Grupo Datco

Retrieved on: 
Tuesday, March 12, 2024
Data Management, Consumer Electronics, Retail, Technology, Software, Office Products, Hardware, Growth, XRX, Reinvention, Workforce

“As Xerox continues its Reinvention journey, the company is committed to helping our clients reach their goals.

Key Points: 
  • “As Xerox continues its Reinvention journey, the company is committed to helping our clients reach their goals.
  • Grupo Datco will continue to service Xerox devices previously sold in Argentina and Chile and will become the exclusive partner for Xerox in these markets.
  • "Grupo Datco's ability to offer Xerox's products and solutions in Argentina and Chile will generate new growth opportunities and a long-term business plan, with a priority being placed on preserving its talented workforce.
  • At Grupo Datco we always focus on growth, synergies, and long-term development.”
    Financial terms of the transaction were not disclosed.

Xerox Holdings Corporation Announces Closing of Convertible Notes Offering

Retrieved on: 
Monday, March 11, 2024
Electronic Design Automation, Retail, Technology, Software, Office Products, Hardware, Exercise, XRX, Act, Sale, Counterparty, The Act, Debt-to-GDP ratio, Person, Security (finance)

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the closing of its $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the closing of its $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).
  • The Company also granted the initial purchasers of the Notes a 13-day option to purchase up to $50,000,000 aggregate principal amount of additional notes.
  • The Notes and the related guarantees are senior, unsecured obligations of the Company, and interest is payable semi-annually in arrears.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.