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Latham Represents Private Credit Provider in Xerox’s Private Placement of US$125 Million Senior Unsecured Notes
July 2, 2025
Proceeds used in part to support Xerox’s completed acquisition of Lexmark.
On July 1, 2025, Xerox Holdings Corporation issued US$125 million aggregate principal amount of 13.00% senior unsecured notes maturing June 30, 2026, in a private placement, with the proceeds to be used for general corporate purposes of the combined business, including, without limitation, funding the realization of synergies associated with its acquisition of Lexmark International, Inc.
Latham & Watkins LLP represented the private credit provider in connection with the private placement, with a team led by partners Stelios Saffos, Joe Zujkowski, and Benjamin Stern, with associates Connor Adams and Jackie Stern. Advice was also provided on tax matters by partner Aaron Bernstein, with associate Farrah Yan.