M&A
confidence high
sentiment negative
materiality 0.85
NCR Voyix completes Digital Banking sale for $2.45B; pro forma continuing ops show wider losses
NCR Voyix Corp
- Gross cash proceeds $2.45B; contingent consideration up to $100M.
- Proceeds used: repay $1,524M debt (short-term $15M, long-term $1,509M + accrued interest) and repurchase $300M trade receivables.
- Estimated pre-tax gain of $1,517M; pro forma equity shifts from -$87M to $994M as of June 30, 2024.
- Pro forma continuing ops net loss $95M ($0.71/shr) for H1 2024 vs historical $114M (incl. discontinued ops).
- FY2023 pro forma continuing ops net loss $608M ($4.44/shr) vs historical $586M (incl. discontinued ops income $116M).