Xerox launches debt exchange to address 2028 maturities

Xerox Holdings is conducting a debt exchange in which holders of about $174 million of 2028 notes exchange them for new first lien senior secured notes due 2030 and Xerox common stock, reducing debt principal by roughly $53 million and extending $121 million of maturities to 2030. Lazard is serving as financial advisor.

Detected & updated continuously · Source: Nebula