NCR’s Registered Secondary Preferred Stock Offering
March 17, 2017
Cravath represented the underwriters, led by J.P. Morgan Securities and Bank of America Merrill Lynch, in connection with the US$458 million registered secondary offering of series A convertible preferred stock of NCR Corporation, a leading global technology company. The transaction closed on March 17, 2017.
The Cravath team included partner William V. Fogg and associates Benjamin S. Persina, Tamara S. Smallman and Justin B. Stein on securities matters and associate Richard Bohm on tax matters. Cole‑Gabriel DuMond also worked on securities matters and Inji Jung also worked on tax matters.
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J.D., 1991, Columbia Law SchoolHarlan Fiske Stone Scholar
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A.B., 1988, Brown Universitymagna cum laude
- 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.
