NCR’s $900 Million Term Loan Facility and $1.1 Billion Revolving Credit Facility
April 12, 2016
Cravath represented the agent and arranger, JPMorgan Chase Bank, N.A., in connection with the arrangement of an increased and extended $900 million term loan facility, to be used to refinance existing indebtedness, and a $1.1 billion revolving credit facility, to be used for working capital and other general corporate purposes, for NCR Corporation, a global technology company. The transaction closed on March 31, 2016.
The Cravath team included partner Stephen M. Kessing, senior attorney Patrick J. Moriarty and associate Rami Totari on banking matters; and partner J. Leonard Teti II and associate Damien J. Rose on tax matters.
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
- New York
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- New York
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October 19, 2023
NCR Atleos Corporation’s $2.085 Billion Credit Facilities and $1.35 Billion High‑Yield Senior Secured Notes Offering and NCR Voyix Corporation’s $700 Million Credit Facilities in Connection with Spin‑Off of NCR Atleos Corporation from NCR Voyix Corporation
Cravath represented the administrative agent, joint lead arranger and joint bookrunner, in connection with $2.085 billion of credit facilities made available to NCR Atleos Corporation and $700 million of credit facilities made available to NCR Voyix Corporation (formerly known as NCR Corporation). The proceeds were used to partially finance the spin‑off of NCR Atleos Corporation, an industry‑leading financial technology company providing self‑directed banking solutions to a global customer base including financial institutions, retailers and consumers, from NCR Voyix Corporation, a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. The credit facilities made available to NCR Atleos Corporation consisted of a $500 million revolving credit facility, a $750 million term loan “A” facility and a $835 million term loan “B” facility. The credit facilities made available to NCR Voyix Corporation consisted of a $500 million revolving credit facility and a $200 million term loan “A” facility. The facilities closed on October 16, 2023.
