XRX

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.

Xerox Holdings Corporation Announces Pricing of Upsized Convertible Notes Offering

Retrieved on: 
Thursday, March 7, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the pricing of $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 pricing of $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 size of the offering was increased by $50 million subsequent to the initial announcement of the offering.
  • 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.
  • 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 Pricing of Upsized Senior Notes Offering

Retrieved on: 
Thursday, March 7, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) announced today that it has priced an offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029 (“Notes”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) announced today that it has priced an offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029 (“Notes”).
  • The size of the offering was increased by $100 million subsequent to the initial announcement of the offering.
  • The Company intends to use the net proceeds from the sale of the Notes to (i) refinance all of its outstanding 3.800% Senior Notes due 2024 (“2024 Notes”) and a portion of its 5.000% Senior Notes due 2025 (“2025 Notes”), (ii) repay, repurchase or redeem a portion of its other outstanding indebtedness and (iii) to pay related fees and expenses.
  • 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 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).

Keypoint Intelligence Recognizes Xerox with BLI 2024 Smart Workplace Software Line of the Year Award

Retrieved on: 
Tuesday, March 5, 2024

Xerox Holdings Corporation (NASDAQ: XRX) announced that Keypoint Intelligence has awarded the company with the Buyers Lab (BLI) 2024 Smart Workplace Software Line of the Year Award .

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) announced that Keypoint Intelligence has awarded the company with the Buyers Lab (BLI) 2024 Smart Workplace Software Line of the Year Award .
  • The award recognizes the vendor with the most exceptional portfolio of applications, software and services that help solve modern workplace challenges.
  • Xerox has been named the award recipient for six consecutive years and a total of 10 times since 2014.
  • Xerox® FreeFlow ® Software for print production eliminates time-consuming manual tasks, boosts capacity and reduces operating costs.

Xerox Holdings Corporation Announces Proposed Convertible Notes Offering

Retrieved on: 
Tuesday, March 5, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today its intention to offer, subject to market and other conditions, $300,000,000 aggregate principal amount of convertible senior notes (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 its intention to offer, subject to market and other conditions, $300,000,000 aggregate principal amount of convertible senior notes (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 aggregate principal amount of the 2024 Notes currently outstanding is $300 million and the aggregate principal amount of the 2025 Notes outstanding is $750 million.
  • The interest rate, initial conversion rate and other terms of the Notes are to be determined upon pricing of the offering.
  • 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 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 Holdings Corporation Declares Dividend on Common and Preferred Stock

Retrieved on: 
Thursday, February 22, 2024

Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock.
  • The dividend is payable on April 30, 2024, to shareholders of record on March 29, 2024.
  • The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock.
  • The dividend is payable on April 1, 2024, to shareholders of record on March 15, 2024.

Xerox Announces New Solutions to Advance Productive Hybrid Work Environments and Simplify IT Efforts

Retrieved on: 
Thursday, February 1, 2024

“Xerox is driving innovation in the areas where our clients need it most,” said Terry Antinora, vice president and general manager of global offering solutions at Xerox.

Key Points: 
  • “Xerox is driving innovation in the areas where our clients need it most,” said Terry Antinora, vice president and general manager of global offering solutions at Xerox.
  • The update adds three workflows along with an automation tool that reinforces hybrid work practices and security.
  • The Xerox VersaLink C415/B415/C625/B625 MFPs and the Xerox VersaLink C620/B620 will be available in all regions by the end of March.
  • For more information on these new MPS updates and Xerox’s solutions for hybrid environments, visit Xerox.com.

Xerox Holdings Corporation Plans Webcast to Discuss 2023 Fourth-Quarter and Full-Year Results

Retrieved on: 
Thursday, January 18, 2024

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 Thursday, January 25th, to discuss the company’s 2023 fourth-quarter and full-year results.
  • ET.
  • John Bruno, president and chief operating officer, Xerox,