trending Market Intelligence /marketintelligence/en/news-insights/trending/-Bi0E58CBIdbzDrvxuSnow2 content esgSubNav
In This List

NCR prices offering of senior notes

Blog

Fintech Intelligence Digital Newsletter: May 2021

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021


NCR prices offering of senior notes

NCR Corp. priced an offering of $500 million of 5.750% senior notes due 2027 and $500 million of 6.125% senior notes due 2029.

The notes were priced at 100% of the principal amount of each series of notes, resulting in gross proceeds of $1 billion. These notes will be general unsecured senior obligations of NCR and will be guaranteed by its unit NCR International Inc.

The offering is expected to close Aug. 21.

NCR plans to use the net proceeds from the offering, together with initial borrowings under the new senior secured credit facilities, to redeem or repurchase all of its outstanding $500 million of 4.625% senior notes due 2021. The remaining proceeds will be used to repay outstanding debt under the company's existing senior secured credit facilities and for general corporate purposes.