Skip to main content

Xerox Holdings Corp. XRX, -3.84% said Monday it is planning a $400 million offering of five-year bonds and $400 million of eight-year bonds, joining the many companies raising funds by issuing bonds during the coronavirus pandemic. Proceeds will be used to repay at maturity $362 million of 3.500% note due 2020 and $376 million of 2.750% notes due 2020, issued by Xerox Corp. The rest of the proceeds will be used for general corporate purposes. Xerox shares were slightly higher premarket, but have fallen 55% in the year to date, while the S&P 500 SPX, +0.71% has gained 1.3%.

https://www.marketwatch.com/st...-08-03?mod=home-page

If you like something I've posted please feel free to click the "like" button!

Original Post

Add Reply

Post
×
×
×
×
Link copied to your clipboard.
×
×