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Xerox Corporation Offers Secure Lien Notes

Xerox Corporation announces an offer of First and Second Lien notes to enable investments. It intends to use the net proceeds from the offering of the First Lien Notes, together with cash on hand, redeem $90 million of Xerox Notes due in 2025 and to pay fees and expenses in connection with the offering. It will also use the proceeds for general corporate purposes. The net proceeds from the  Second Lien Notes is intended to fund a portion of the purchase price for the proposed acquisition of Lexmark International II, LLC.

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