SECURITIES AND EXCHANGE COMMISSION
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Item 8.01. Other Events.
On August 17, 2020, NCR Corporation announced that it plans to offer, subject to market conditions, senior notes due 2028 and senior notes due 2030. A copy of the press release announcing the launch of the offering is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
|Item 9.01.|| |
Financial Statements and Exhibits.
The following exhibits are attached with this current report on Form 8-K:
|99.1||Press Release issued by NCR Corporation, dated August 17, 2020.|
|104||Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: August 17, 2020||By:||/s/ Timothy C. Oliver|
|Timothy C. Oliver|
|Executive Vice President and Chief Financial Officer|
August 17, 2020
NCR CORPORATION ANNOUNCES OFFERING OF SENIOR NOTES
ATLANTA August 17, 2020 NCR Corporation (NYSE: NCR) (the Company) announced today its intention to offer senior notes due 2028 (the 2028 Notes) and senior notes due 2030 (the 2030 Notes and, together with the 2028 Notes, the Notes) in an aggregate principal amount of $1.1 billion, subject to market and customary conditions. The Notes will be general unsecured senior obligations of the Company and will be guaranteed by the Companys wholly-owned subsidiary, NCR International, Inc., a Delaware corporation.
The Company intends to use the net proceeds from the offering, together with other available cash, to redeem and satisfy and discharge all of its outstanding $600 million aggregate principal amount of 5.000% senior notes due 2022 and $700 million aggregate principal amount of 6.375% senior notes due 2023.
The Notes and the related subsidiary guarantee will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related subsidiary guarantee have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Georgia, with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
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Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements. Forward-looking statements use words such as expect, anticipate, outlook, intend, plan, believe, will, should, would, could, and words of similar meaning. Statements that describe or relate to the Companys plans, goals, intentions, strategies, financial outlook, the Companys expectations regarding the aggregate principal amount of the Notes to be sold or the intended use of proceeds from the offering of the Notes, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and
assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the Companys control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in the Companys filings with the U.S. Securities and Exchange Commission, including the Companys most recent annual report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.