NCR to draw from revolving facility to finance acquisition of JetPay

By Marisa Wong

Morgantown, W.Va., Oct. 22 – NCR Corp. plans to use borrowings under its revolving credit facility to help finance its planned acquisition of JetPay.

The purchase price of $184 million will also be financed with cash on hand, according to a press release.

The transaction is expected to close by year-end.

NCR is an Atlanta-based computer hardware and electronics company that specializes in consumer transaction technologies. JetPay is an Allentown, Pa.-based provider of end-to-end payment processing.

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