Xerox Secures $1 Billion in Financing

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Xerox Corporation has announced that it has closed a $1 billion senior unsecured term loan, to be drawn by April 1, 2016. According to the company’s press release, the loan was arranged by a syndicate of seven banks: JPMorgan Chase Bank, N.A.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; BNP Paribas Securities Corp.; Citigroup Global Markets

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