NCR Corporation Prices $600M Notes Offering
DULUTH, Ga.--(BUSINESS WIRE)--NCR Corporation (NYSE: NCR) announced the pricing of an offering of $600 million aggregate principal amount of 5.00% senior notes due 2022 (the “Notes”) at a price of 100.00% of the principal amount, which resulted in gross proceeds of $600 million. The Notes will be general unsecured senior obligations of NCR Corporation and will be guaranteed by NCR International, Inc., a Delaware corporation, and Radiant Systems, Inc., a Georgia corporation.
The offering is expected to close on September 17, 2012, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering for general corporate purposes, which the Company expects will include funding a contribution to the Company's U.S. pension plan and which may include repaying outstanding indebtedness under the Company's senior secured credit facility.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, hospitality, gaming and public sector organizations in more than 100 countries. NCR is headquartered in Duluth, Georgia.