Xerox Raises $1.1 Billion Through Senior Note Offering
Xerox Corporation (NYSE: XRX) closed today on a $1.1 billion offering of senior unsecured notes due in 2012 and bearing a coupon of 5.5 percent.
“This successful transaction reflects investors’ interest in the strength of Xerox’s financial position and our consistent delivery of solid operating cash flow and steady earnings growth,” said Lawrence A. Zimmerman, chief financial officer of Xerox.
The offering was “upsized” from the initial $750 million offering announced on Monday and follows last week’s investment grade rating upgrade from Standard and Poor’s Rating Services. Xerox is also rated investment grade by Moody’s Investors Service and Fitch Ratings.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.