Xerox Holdings Corporation - Tender Offer 2024 (US) - Launch

Xerox Announces Tender Offers for 2024 Notes and 2025 Notes - 984121 CJO - 98421 MAA4 -U98401 AA7

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04 MARCH 2024

Full announcement including disclaimers and offer/distribution restrictions available via Businesswire

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the commencement of tender offers, subject to the terms and conditions described below, to purchase for cash the debt securities issued by Xerox Corporation (“Xerox,” and together with Xerox Holdings, the “Company”) and Xerox Holdings listed in the table below (collectively, the "Securities" and each a "series"). Concurrently with the commencement of the tender offers, the Company also announced that it is offering, subject to market conditions, $400 million in aggregate principal amount of Senior Notes due 2029 (the “New Notes”).

Title ofSecurity	CUSIP Number	PrincipalAmountOutstanding	U.S. TreasuryReferenceSecurity	BloombergReference Page	FixedSpread	Early TenderPayment(1)(2)	MaximumTender Cap
3.800% senior notes due 2024	984121 CJO	$300,000,000	UST 0.250% due 05/15/2024	FIT3	+0 bps	$30	N/A
5.000% senior notes due 2025	98421 MAA4; U98401 AA7	$750,000,000	UST 2.000% due 08/15/2025	FIT4	+85 bps	$30	$94,000,000
(1) Per $1,000 amount.
(2) The Total Consideration for Securities validly tendered prior to or at the Early Tender Date (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread and is inclusive of the Early Tender Payment.

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