secwatch.observer — SEC 8-K summary
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Issuer:     NCR Atleos Corp (NATL)
CIK:        0001974138
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001193125-23-244175
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCR Atleos closes $1.35B 9.5% notes and $2.085B credit facilities for spin-off
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- Issued $1.35B aggregate principal of 9.500% senior secured notes due 2029 via escrow issuer.
- Entered $2.085B credit facilities: $500M revolver, $835M Term A, $750M Term B loans.
- Proceeds will finance cash distribution to NCR, pay fees/expenses, and for general corporate purposes.
- Spin-off expected effective 5 PM ET Oct 16, 2023; record date Oct 2, 2023.
- Notes and facilities secured by substantially all assets upon completion of spin-off.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1974138/000119312523244175/0001193125-23-244175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1974138/000119312523244175/d478950d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-244175

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