Xerox has raised $1 billion through a two-part sale of senior unsecured debt, The Wall Street Journal reports. The offer comprises three-year, floating rate bonds due to mature on May 16, 2014 and 10-year fixed-rate bonds maturing on May 15, 2021.
The sale proceeds will be used for the repayment of the company’s $650 million XRX Capital Trust’s 8% issue, due in 2027. Citigroup, Deutsche Bank Securities and UBS were the book-runners for the deal.
Click here for the story from The Wall Street Journal.