Xerox Receives $340 Million in Financing, Current Cash Position at $3.9 Billion

Sign In | Become a Member | Contact Us

Editions North America | Europe | Magazine

Xerox Receives $340 Million in Financing, Current Cash Position at $3.9 Billion

Monday, January 07, 2002

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.

Visit InkjetInsight.com

WhatTheyThink is the official show daily media partner of drupa 2024. More info about drupa programs

Member Center
Renew membership, reset password, set email and notification preferences

Submit Your News

Sponsorship Programs

Media Planner

Syndication and News Licensing

Reprints

Terms

BECOME A MEMBER TO RECEIVE ACCESS TO EXCLUSIVE COMMENTARY AND ANALYSIS, INDUSTRY DATA, AND MARKET INTELLIGENCE IMPORTANT TO INDUSTRY EXECUTIVES.

Become a Member

About WhatTheyThink

WhatTheyThink is the global printing industry's go-to information source with both print and digital offerings, including WhatTheyThink.com, WhatTheyThink Email Newsletters, and the WhatTheyThink magazine. Our mission is to inform, educate, and inspire the industry. We provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today's printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.