NCR’s $900 Million Term Loan Facility and $1.1 Billion Revolving Credit Facility

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.