NCR to draw $210 million under revolver to fund part of tender offer

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – NCR Corp. will borrow $210 million under the revolving portion of its senior secured credit facility to fund part of the cash proceeds of a tender offer announced Nov. 13 and related fees, according to a press release.

The company’s purchase of 38,461,538 shares of its common stock for $1 billion, if fully subscribed, will also be funded by cash proceeds from NCR’s new issue of $820 million of convertible perpetual preferred stock.

NCR is a Duluth, Ga.-based consumer transaction technologies company.

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