Xerox Holdings Corporation announced the closing of its $500,000,000 aggregate principal amount of 8.875% Senior Notes due 2029 (the ?Notes?) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the ?Act?) and non-U.S. persons outside the United States pursuant to Regulation S under the Act. The Company intends to use the net proceeds from this offering, together with the net proceeds from the Company?s previously announced offering of its 3.750% Convertible Senior Notes due 2030, (i) to refinance all of its outstanding 3.800% Senior Notes due 2024 (?2024 Notes?) and $362,000,000 of its 5.000% Senior Notes due 2025 (?2025 Notes?), (ii) to repay, repurchase or redeem a portion of its other outstanding indebtedness and (iii) to pay related fees and expenses.