XEROX CORPORATION (NYSE:XRX) Files An 8-K Regulation FD DisclosureItem 7.01
On September7, 2017, Registrant announced that it had priced $1.0billion of 3.625% Senior Unsecured Notes due in 2023 and that the net proceeds from the offering will be used for general corporate purposes, including to make a $500million voluntary cash contribution to its U.S. defined benefit pension plans.
Registrant updated its full year 2017 cash flow from operations guidance to reflect the additional pension contribution. Guidance for operating cash flow from continuing operations was $700 to $900million; the updated guidance is $200 to $400million. Registrant’s ending cash target remains unchanged at $1billion.
The information contained in Item 7.01 of this Report and in Exhibit 99.1 to this Report shall not be deemed “filed” with the Commission for purposes of Section18 of the Exchange Act of 1934, as amended, or otherwise subject to the liability of that section.
| Item 7.01 | Financial Statements and Exhibits. |
(d) Exhibits.
The following is included as an exhibit to this report:
| ExhibitNo. | Description |
| 99.1 | Press release of Xerox Corporation, dated September7, 2017. |
XEROX CORP ExhibitEX-99.1 2 d450784dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 News from Xerox For Immediate Release Xerox Corporation 201 Merritt 7 Norwalk,…To view the full exhibit click here
About XEROX CORPORATION (NYSE:XRX)
Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The Company’s segments include Services, Document Technology and Other. The Company’s Services segment comprises two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). Its DO offers services, such as managed print services (MPS), which include workflow automation and centralized print services (CPS). Its BPO business includes services that support enterprises through multi-industry offerings, such as customer care, transaction processing, finance and accounting, and human resources, as well as industry-focused offerings in areas, such as healthcare, transportation, financial services, retail and telecommunications. Its Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products. Its Other segment includes paper sales in its market countries. XEROX CORPORATION (NYSE:XRX) Recent Trading Information
XEROX CORPORATION (NYSE:XRX) closed its last trading session down -0.32 at 31.56 with 1,594,269 shares trading hands.