Mar. 18 at 2:38 PM
$XRX has formed a joint venture with TPG, a leading global alternative asset management firm, structured as an intellectual property holding and licensing entity to manage, protect, and monetize key Xerox IP assets.
XRX venture raised
$450 million in senior secured term loans and preferred equity led by TPG Credit, with proceeds earmarked to bolster liquidity, accelerate the Lexmark integration, and opportunistically address the company’s capital structure, including potential debt repayment.
XRX retains full, uninterrupted use of its name, trademark, and transferred IP globally through a long-term license agreement, ensuring no disruption to client-facing operations
