Senior Notes Offering
January 18 2002 - 1:05AM
UK Regulatory
RNS Number:1531Q
Xerox Corp
17 January 2002
TO: COMPANY ANNOUNCEMENTS OFFICE
THE DOCUMENT COMPANY
XEROX (R)
For additional information contact:
Leslie F. Varon
Vice President & Secretary
203-968-3110
Leslie.Varon@usa.xerox.com
Fax (203) 968-4301
James A. Ramsey
Director, Investor Relations
203-968-3807
James.Ramsey@usa.xerox.com
Fax (203) 968-3944
Cynthia B. Johnston
Manager, Investor Relations
203-968-3489
Cindy.Johnston@usa.xerox.com
Fax (203) 968-3944
XEROX RAISES $746 MILLION THROUGH SENIOR NOTE OFFERING
Company's Cash Position Increases To About $4.6 Billion
STAMFORD, Conn., Jan. 17, 2002 - Xerox Corporation (NYSE: XRX) confirmed
today that it has raised $746 million through an unregistered offering in the
U.S. and Europe of 9.75 percent Senior Notes due in 2009. The sale exceeds
initial projections of $500 million.
The company received today the net proceeds from the sale, which includes
US$559 million and EUR 209 million.
With this funding and following the repayment of $1.2 billion in debt that
matured in the fourth quarter, Xerox's cash position has increased to
approximately $4.6 billion.
For additional information about The Document Company Xerox, please visit our
Worldwide Web site at www.xerox.com/investor.
This release contains forward-looking statements and information relating to
Xerox that are based on our beliefs as well as assumptions made by and
information currently available to us. The words "anticipate," "believe,"
"estimate," "expect," "intend," "will" and similar expressions, as they relate
to us, are intended to identify forward-looking statements. Actual results could
differ materially from those projected in such forward-looking statements.
Information concerning certain factors that could cause actual results to differ
materially is included in the company's Form 10-Q for the quarter ended
September 30, 2001.
XEROX (R), The Document Company (R) and the digital X (R) are trademarks of
XEROX CORPORATION.
FROM: XEROX CORPORATION
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