Xerox Holdings Corporation announced the consideration payable in connection with the previously announced cash tender offers for the 2024 Notes and 2025 Notes. 3.800% senior notes due 2024: Principal Amount Outstanding: $300,000,000; Early Tender Payment: $30; Total Consideration: $997.23. 5.000% senior notes due 2025: Principal Amount Outstanding: $750,000,000; Early Tender Payment: $30; Total Consideration: $989.49.

The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings. The tender offers comprise (i) Xerox Holdings? offer to purchase for cash up to $362 million aggregate principal amount of its 5.000% senior notes due 2025 (the 2025 Notes) and (ii) Xerox Corporation?s (Xerox and, together with Xerox Holdings, the Company) offer to purchase for cash any and all of its 3.800% senior notes due 2024 (the 2024 Notes and, together with the 2025 Notes, the Notes) (collectively, the Tender Offers).

The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. The "Total Consideration" listed in the table above per $1,000 principal amount of each series of Notes was determined at 10:00 a.m., New York City time, on March 18, 2024. Only holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on March 15, 2024 (the "Early Tender Date") are eligible to receive the Total Consideration for Notes accepted for purchase.

As previously announced, the Company has elected to exercise its right to make payment for the Notes that were validly tendered prior to or at the Early Tender Date and that are accepted for purchase on March 20, 2024 (the Early Settlement Date). Holders will also receive accrued and unpaid interest on Notes validly tendered and accepted for purchase from the applicable last interest payment date up to, but not including, the Early Settlement Date (Accrued Interest). Because the amount of 2025 Notes validly tendered and not validly withdrawn exceeds the Maximum Tender Cap (as defined in the Offer to Purchase), any such tendered 2025 Notes will be accepted on a pro rata basis as set forth in the Offer to Purchase, subject to a proration factor of approximately 66.608%.