Xerox's Latest Financial Move: Pricing of $350M Convertible Senior Notes Offering
Thursday, 7 March 2024, 13:35
Xerox's $350M Convertible Senior Notes Offering
Xerox has made a significant financial move by announcing the pricing of $350M convertible senior notes due in 2030. This offering includes an initial conversion rate of 47.9904 shares per $1,000 principal amount, marking a strategic decision for the company.
Key Highlights:
- Pricing Details: Xerox sets the price for $350M convertible senior notes
- Maturity Date: Notes set to mature in 2030
- Conversion Rate: Initial rate of 47.9904 shares per $1,000 principal
This move showcases Xerox's commitment to financial innovation and strategic growth in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.