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NCR Corp's Subsidiary announces pricing of senior notes offering


Thursday, 5 Dec 2013 05:39pm EST 

NCR Corp:Says pricing of an offering by NCR Escrow Corp., a wholly owned subsidiary of the company, of $400 million aggregate principal amount of 5.875% senior notes due 2021.Says $700 million aggregate principal amount of 6.375% senior notes due 2023 at a price of 100.000% of the principal amount of each series of Notes, which resulted in gross proceeds of $1.100 billion.Says offering is expected to close on Dec. 19.Says NCR Escrow Corp. will initially deposit the net proceeds from the offering into a segregated escrow account.Says it intends to use the net proceeds from the offering, together with cash, incremental term loans and additional borrowings under the company`s revolving credit facility, to finance the previously announced acquisition of Digital Insight Corporation. 

Company Quote

28.65
0.56 +1.99%
19 Dec 2014