Xerox Announces Offers to Exchange Outstanding Notes
February 28, 2017
February 28, 2017
NORWALK, Conn., Feb. 28 -- Xerox issued the following news release:
Xerox (NYSE: XRX) announced today that it plans to early redeem (retire) $300 million in debt. Additionally, Xerox is targeting to exchange $300 million or more of existing debt for new debt. This is consistent with Xerox's capital allocation guidance to reduce $300 million in debt above the $1 billion in senior notes coming due this year. The exchange of $300 million of existing debt for new debt will also help t . . .
Xerox (NYSE: XRX) announced today that it plans to early redeem (retire) $300 million in debt. Additionally, Xerox is targeting to exchange $300 million or more of existing debt for new debt. This is consistent with Xerox's capital allocation guidance to reduce $300 million in debt above the $1 billion in senior notes coming due this year. The exchange of $300 million of existing debt for new debt will also help t . . .