NORWALK, CONN— Xerox is talking on an additiopnal debt of $162 million at higher rates . Xerox  is  offering of $550 million amount of 5.000% senior notes due 2025 and $550 million amount of 5.500% senior notes due 2028. Xerox intends to use the net proceeds from this offering to repay at maturity $362 million  amount of 3.500% senior notes due 2020 of Xerox and $376 million aggregate principal amount of 2.750% senior notes due 2020 of Xerox , and Xerox intends to use the balance of net proceeds primarily to repay the 4.500% senior notes due 2021 of Xerox at or prior to maturity. The result is Xerox will be paying between 2% to 3% higher for replacing $738 million of debt with  a $1.1 billion debt.