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//house-home.news-articles.net/content/2011/05/1 .. oses-on-1-billion-of-senior-unsecured-notes.html
Published in House and Home on Wednesday, May 18th 2011 at 9:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NORWALK, Conn.--([ BUSINESS WIRE ])--[ Xerox Corporation ] (NYSE: XRX) 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.
"Managementa™s Discussion and Analysis of Financial Condition and Results of Operations"
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.
About Xerox
Xerox Corporation is a $22 billion leading global enterprise for business process and [ document management ]. Through its broad portfolio of technology and [ services ], Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their [ real business ]. Headquartered in Norwalk, Conn., Xerox provides leading-edge [ document technology ], services, [ software ] and [ genuine Xerox supplies ] for [ graphic communication ] and [ office printing environments ] of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive [ business process outsourcing ] and [ IT outsourcing services ], including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 134,000 people of Xerox serve clients in more than 160 countries. For more information, visit [ http://www.xerox.com ], [ http://news.xerox.com ], [ http://www.realbusiness.com ] or [ http://www.acs-inc.com ]. For investor information, visit [ http://www.xerox.com/investor ].
Note:To receive RSS news feeds, visit [ http://news.xerox.com/pr/xerox/rss.aspx ]. For open commentary, industry perspectives and views from events visit [ http://twitter.com/xeroxcorp ], [ http://twitter.com/xeroxoffice ], [ http://twitter.com/xeroxproduction ], [ http://twitter.com/servicesatxerox ], [ http://twitter.com/xeroxevents ], [ http://www.xerox.com/blogs ], [ http://www.xerox.com/podcasts ].
XEROX®, XEROX and Design® are trademarks of Xerox Corporation in the United States and/or other countries.
Forward Looking Statements: This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The words aanticipate,a abelieve,a aestimate,a aexpect,a aintend,a awill,a ashoulda and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements reflect managementa™s current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially. These factors include but are not limited to: changes in economic conditions, political conditions, trade protection measures, licensing requirements, environmental regulations and tax matters in the United States and in the foreign countries in which we do business; changes in foreign currency exchange rates; the outcome of litigation and regulatory proceedings to which we may be a party; actions of competitors; our ability to expand equipment placements and to drive the expanded use of color in printing and copying; development of new products and services; interest rates, cost of borrowing and access to credit markets; our ability to protect our intellectual property rights; our ability to obtain adequate pricing for our products and services and to maintain and improve cost efficiency of operations, including savings from restructuring actions; the risk that unexpected costs will be incurred; reliance on third parties for manufacturing of products and provision of services; the risk that we will not realize all of the anticipated benefits from the acquisition of Affiliated Computer Services, Inc.; our ability to recover capital investments; the risk that subcontractors, software vendors and utility and network providers will not perform in a timely, quality manner; the risk that multi-year contracts with governmental entities could be terminated prior to the end of the contract term; the risk that individually identifiable information of customers, clients and employees could be inadvertently disclosed or disclosed as a result of a breach of our security; and other factors that are set forth in the aRisk Factorsa section, the aLegal Proceedingsa section, the aManagementa™s Discussion and Analysis of Financial Condition and Results of Operationsa section and other sections of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2011 and our 2010 Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.
