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XEROX HOLDINGS CORP : Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)
On July 7, 2022, Xerox Corporation (“Xerox Corp.”), as borrower, and its parent company, Xerox Holdings Corporation (the “Company”), entered into a Credit Agreement (the “New Credit Agreement”) with Citibank, N.A., as administrative agent and collateral agent (the “Agent”), and the lenders party thereto.
The New Credit Agreement provides Xerox Corp. with a $500.00 million revolving credit facility (the “New Revolving Credit Facility”). The material terms of the New Credit Agreement include the following:
Under the New Revolving Credit Facility, Xerox Corp. may borrow up to $500.0 million, as well as an uncommitted accordion feature that allows the Company to increase the New Revolving Credit Facility by a total of up to $150.0 million, subject to obtaining additional commitments from existing lenders or new lending institutions. The New Revolving Credit Facility includes a $150.0 million letter of credit subfacility.
https://www.marketscreener.com/quote/stock/XEROX-HOLDINGS-CORPORATIO-63181095/news/XEROX-HOLDINGS-CORP-Entry-into-a-Material-Definitive-Agreement-Termination-of-a-Material-Definiti-40977452/
https://www.marketscreener.com/quote/stock/XEROX-HOLDINGS-CORPORATIO-63181095/news/XEROX-HOLDINGS-CORP-Entry-into-a-Material-Definitive-Agreement-Financial-Statements-and-Exhibits-39866993/
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