Xerox Receives $340 Million in Financing, Current Cash Position at $3.9 Billion
Press release from the issuing company
STAMFORD, Conn.---Jan 3, 2002 --Xerox has announced that it has received $340 million in financing from GE Capital, secured by portions of Xerox's lease receivables in the United States.
With this funding and following the repayment of $1.1 billion in debt that matured this quarter, Xerox's current cash position has increased to approximately $3.9 billion.
The $340 million is in addition to the $835 million received last month from GE Capital, with additional funding expected in February 2002. These financing arrangements amortize over a period that extends into 2004.
Video Center
- Questions to ask about inkjet for corrugated packaging
- Can Chinese OEMs challenge Western manufacturers?
- The #1 Question When Selling Inkjet
- Integrator perspective on Konica Minolta printheads
- Surfing the Waves of Inkjet
- Kyocera Nixka talks inkjet integration trends
- B2B Customer Tours
- Keeping Inkjet Tickled Pink
© 2024 WhatTheyThink. All Rights Reserved.