Xerox to extend $121 million of debt maturities from 2028 to 2030
XRX•Xerox announced an exchange of approximately $174 million of senior notes due in 2028 for new debt and common stock. The transaction is expected to reduce principal by approximately $53 million and extend $121 million of maturities to 2030.
1. Debt exchange terms
For each $1,000 of notes exchanged, holders will receive $690 in new first lien senior secured notes due October 2030 and $60 in common stock. The exchange is expected to be cashless except for transaction expenses, with cash interest approximately neutral; closing is expected on or about November 13, 2026, subject to limited conditions.
