Xerox Holdings Corporation’s Convertible Senior Notes Offering

Cravath represented the initial purchasers in connection with the $400 million 144A convertible senior notes offering of Xerox Holdings Corporation, a workplace technology company that builds and integrates software and hardware, and the financial institution counterparties to a “capped call” transaction entered into by Xerox Holdings Corporation in connection with the offering. The transaction closed on March 11, 2024.

The Cravath team included partners Andrew J. Pitts and C. Daniel Haaren and associates Kelly N. King and Obianuju A. Enworom on capital markets matters, of counsel Elizabeth Albert and associate Mary Jean Perzik on derivatives matters, associates Joana W. Li and Josh Banafsheha on tax matters, and practice area attorney David Crampton and associate Jonathan C. Nickas on executive compensation and benefits matters. Ali Jimenez also worked on capital markets matters.