secwatch / observer
8-K filed September 28, 2023, 7:59 PM ET ticker VYX CIK 0000070866
debt confidence high sentiment neutral materiality 0.75

NCR Atleos secures $3.435B in debt financing ahead of spin-off from NCR Corp

NCR Voyix Corp

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCR Voyix Corp entered into Indenture with Citibank, N.A. valued at $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029 (effective 2023-09-27).

Action
entry
Agreement
notes offering
Counterparty
Citibank, N.A.
Value
$1,350 million aggregate principal amount of 9.500% senior secured notes due 2029
Effective
2023-09-27
Exact text from the filing
Indenture On September 27, 2023, NCR Atleos Escrow Corporation, a Maryland corporation (the “Escrow Issuer”), and a wholly-owned subsidiary of the Company and NCR Atleos, LLC, closed the previously announced offering by the Escrow Issuer of $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A, and outside of the United States pursuant to Regulation S, under the Securities Act of 1933, as amended (the “Securities Act”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

NCR Voyix Corp entered into Revolving Credit Facility valued at up to an additional $50 million.

Action
entry
Agreement
credit facility
Value
up to an additional $50 million
Exact text from the filing
d expenses related to the financing transactions or to fund part of the payment of the cash distribution to the Company described in the preceding sentence, which it will fund either by borrowing up to an additional $50 million prior to the Spin-Off under the Revolving Credit Facility (as defined below) or by utilizing up to $50 million of its cash on hand at the time of the Spin-Off (or a combination thereof) (the usage of any cash on hand by NCR Atleos in such scenario would in turn reduce NCR Atleos’s expected cash balance at the time of the Spin-Off by such amount).
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38 material agreements filed in the last 30 days. Browse all material agreements →

NCR Voyix Corp filing history →

Source: SEC EDGAR
accession 0001193125-23-244174
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