"This gives us a lot more flexibility and allows us to move forward having paid off a portion of our debt," said director of corporate public relations Christa Carone.

The new credit facility consists of three term loans totalling 1.8bn, plus a 1bn revolving line of credit.

The first term loan of 466m is to be completely repaid by its final maturity date of September this year.

As part of Xeroxs agreement with the US Securities and Exchange Commission, the group will publish adjusted 2001 results and restated figures for 1997-2000 at the end of this month (PrintWeek, 19 April).

Carone said this was the first significant step in restoring Xerox to a more stable financial position.


Xerox will act as a reseller for EFIs PrintMe Networks remote mobile and internet printing system, and has upgraded its mDoc remote document access software.

Users of mDoc can access PrintMe, view attachments on handheld systems and print documents remotely.

Story by Andy Scott