• Xerox announced an exchange of approximately $174 million of senior notes due in 2028 for new debt and common stock.
• The transaction is expected to reduce debt principal by approximately $53 million, extending $121 million of 2028 maturities to 2030.
• For each $1,000 exchanged, holders receive $690 in new first lien senior secured notes due October 2030, with $60 in common stock.
• Additional new notes may replace stock in limited circumstances; the exchange is cashless except for transaction expenses, with cash interest approximately neutral.
• Closing is expected on or about November 13, 2026, subject to limited conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xerox Holdings Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202610290635BIZWIRE_USPR_____20261029_BW085855) on October 29, 2026, and is solely responsible for the information contained therein.