Xerox Announces Exchange Transaction to Extend Portion of 2028 Debt Maturities and Reduce Overall Debt
Business Wire•29/10/2026•06:35 ET
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Key Highlights
- ➤$174 million of 2028 Notes targeted in cashless exchange transaction
- ➤$121 million of debt maturities extended from 2028 to 2030
- ➤$53 million overall debt principal reduction expected upon completion
- ➤Exchange preserves liquidity and keeps cash interest approximately neutral
- ➤Transaction expected to close on or about November 13, 2026
Expert Statements
Chuck Butler, Chief financial officer at Xerox
“Following the open market purchases earlier this year, this transaction is yet another step that we’ve taken to proactively address our upcoming maturities. It addresses more than 30% of our outstanding 2028 Notes while reducing debt principal and preserving liquidity to support the business.”
Chuck Butler, Chief financial officer at Xerox
“We appreciate the constructive partnership with our largest lenders and remain focused on strengthening our balance sheet and reducing leverage.”
Xerox Announces Exchange Transaction to Extend Portion of 2028 Debt Maturities and Reduce Overall Debt
Xerox Holdings Corporation (NASDAQ: XRX) today announced an exchange transaction (the “Exchange Transaction”) that will address approximately $174 million of its senior notes due in 2028 (the “2028 Notes”), extending those maturities to 2030 while reducing overall debt principal and preserving cash. The transaction represents another step in the company’s ongoing efforts to strengthen its balance sheet and reduce leverage.
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