Xerox Holdings Corp — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Xerox Holdings exchanged $173.679M principal of its 5.5% Senior Notes due 2028 for $130.266M of new 10.25% Senior Secured First Lien Notes due 2030 plus 4.396910M common shares. The exchange was supported by consenting holders representing 31.1% of outstanding 2028 notes, with settlement targeted for November 2026. Consideration per $1,000 of 2028 notes: $690 principal of new secured notes, accrued interest, and 25.316456 shares of common stock (or additional $60 principal notes for holders unable to hold equity).
Why this rating
Moderate refinancing event: $173.7M exchange is ~28% of company's $612.7M market cap. Extends maturities (2028→2030), increases secured debt burden, dilutes equity by ~4.4M shares. No near-term bankruptcy risk change, but increases leverage and refinancing dependency.
Extracted items
- 2.02 results / earnings
- 7.01 Reg FD disclosure
- 9.01 exhibits
See more from October 29, 2026.
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