Xerox enters into a first lien term loan credit

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Xerox secured a $550m first lien term loan after buying Carl Icahn's shares.
The loan repays previous bridge loans and is supported by guarantees and asset security.
Major financial institutions arranged the loan, with terms until November 2029 and variable amortization rates.
Xerox's $542m purchase of Icahn's shares was initially financed through a new debt facility.
Xerox shares varied from $16.01 in September to a low of $12.10 in late October, recently closing at $13.62.
Xerox skipped Drupa 2024 but attended the Printing United Expo in Atlanta last month.

11/21/239:34 PM

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