White & Case Advises on Xerox Holdings' US$542 Million Repurchase of Shares from Carl C. Icahn and Affiliates and US$555 Million Loan Facility

Press Release
1 min read

Global law firm White & Case LLP has advised Xerox Holdings Corporation (NASDAQ: XRX) ("Xerox Holdings") on its entry into a share purchase agreement to repurchase all of the shares of Xerox Holdings' common stock beneficially owned by Carl C. Icahn and certain of his affiliates at a purchase price of US$15.84 per share, totaling an aggregate purchase price of approximately US$542 million.

White & Case LLP concurrently advised Xerox on its entry into a credit agreement with Jefferies Finance LLC, pursuant to which Jefferies Finance provided Xerox with a US$555 million loan facility, a portion of the proceeds of which were used to consummate the repurchase of Xerox Holdings' common stock from the Icahn parties.

The White & Case team was led by partners Jonathan Michels, Binoy Dharia, Michael Deyong and Rafael Roberti (all in New York), and counsel Kyle Bady (Miami). The team also included associates Arthur Nahas, Dilara Erik, Brian Munsie, Joanna Heinz, Eli Ashenafi (all in New York) and Sophia Berger (Miami).

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