NCR Voyix Corporation announced the extension of its previously announced cash tender offers for a portion of its outstanding senior notes. The offers, which include 5.250% Senior Notes due 2030, 5.125% Senior Notes due 2029, and 5.000% Senior Notes due 2028, were extended to 5:00 p.m., New York City time, on September 26, 2024, and thereafter on a daily basis. This extension is contingent upon the closing of the previously announced sale of the company's Digital Banking segment.
As of September 9, 2024, the tender offers were oversubscribed, indicating strong interest from noteholders. No additional notes tendered after this early tender date will be accepted for purchase, and notes accepted will be subject to proration. The payment for validly tendered notes will occur promptly after the expiration date, subject to the satisfaction of the M&A condition related to the Digital Banking Sale.
This financing activity is a crucial step in NCR Voyix's strategy to optimize its capital structure and reduce its overall indebtedness. The successful execution of these tender offers, linked to the proceeds from the Digital Banking divestiture, is expected to significantly strengthen the company's balance sheet and improve its financial flexibility.
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