NORWALK, Conn.—Office equipment maker Xerox Corp. said Monday it raised $1.4 billion in two senior note offerings.
The company closed a $400 million offering of senior unsecured notes due in 2013 and a $1 billion offering of senior unsecured notes due in 2018.
It plans to use the proceeds to repay debt under its 2007 credit facility and for general corporate purposes.
Xerox said the offerings follow last week's investment-grade credit rating upgrade from Standard and Poor's Rating Services from "BBB-" to "BBB."
Shares fell 2 cents to $14.
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