Investing.com -- Xerox Holdings Corp. sold tariff refund claims at a discount during the second quarter to generate cash and reduce debt as the company works to manage upcoming debt maturities. Chief financial officer Chuck Butler said Xerox used a significant portion of that cash to repurchase debt at a discount. "The hurdles are our 2028 debt maturities, our 2029 debt maturities, and our 2030 debt maturities." A secondary market for tariff refund claims has developed after the Supreme Court struck down President Donald Trump's tariffs in February. Related articlesXerox sells tariff refund claims at a discount to cut debtExclusive: ServiceNow to cut up to 1K jobs as part of planned rightsizingEuropean stocks react to blockbuster earnings and escalating U.S.-Iran conflict