Xerox Closes on $1 Billion of Senior Unsecured Notes

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Xerox Closes on $1 Billion of Senior Unsecured Notes

Friday, May 20, 2011

Press release from the issuing company

NORWALK, Conn. -- Xerox Corporation closed today on a $300 million offering of floating rate senior unsecured notes due in 2014 and a $700 million offering of 4.5 percent senior unsecured notes due in 2021.

Net proceeds from the offering will be used to repay $650 million of 8 percent trust preferred securities due 2027 called on April 21 and payable on May 23, and for general corporate purposes.

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