Xerox’s 24 Billion Debt Financing

Simpson Thacher advises Xerox on committed debt financing of $24 billion to finance its proposed acquisition of HP.

The commitments are with respect to a $19.5 billion senior unsecured 364-day term loan bridge facility and a $4.5 billion senior unsecured 60-day term loan bridge facility.

Xerox Holdings Corporation is a print technology and intelligent work solutions leader. Its experience and broad customer base gives it a unique perspective and understanding of the inner-workings of business, and its technology allows it to add intelligence to the development of solutions to connect the physical and digital worlds of work. Xerox Holdings Corporation applies that expertise in imaging and printing, data analytics, and the development of secure and automated solutions to help its customers improve productivity and client satisfaction.

The Simpson Thacher team included Brian Steinhardt (Picture) and Michael Vernace (Banking & Credit); Ken Wallach, Jonathan Ozner and Ashley Yoon (Capital Markets); and Jacqueline Clinton (Tax).

Involved fees earner: Jacqueline Clinton – Simpson Thacher & Bartlett; Jonathan Ozner – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett; Kenneth Wallach – Simpson Thacher & Bartlett; Ashley Yoon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Xerox Corporation;