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Stock impact report

NCR Corporation Announces Pricing of Senior Notes Offering

NCR Corporation (NCR) 
Last ncr corporation earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.ncr.com
Company Research Source: Business Wire
ATLANTA--(BUSINESS WIRE)--NCR Corporation (NYSE: NCR) (the “Company”) announced today the pricing of an offering of $500 million aggregate principal amount of 5.750% senior notes due 2027 (the “2027 Notes”) and $500 million aggregate principal amount of 6.125% senior notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”) at a price of 100% of the principal amount of each series of Notes, which resulted in gross proceeds of $1,000 million. The Notes will be general unsecured senior obligations of the Company and will be guaranteed by the Company’s wholly-owned subsidiary, NCR International, Inc., a Delaware corporation.The offering is expected to close on August 21, 2019, subject to customary closing conditions.The Company intends 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 aggregate principal amount of 4.625% senior n Show less Read more
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