NCR Corp. (NYSE: NCR) said it has priced an offering by its subsidiary NCR Escrow Corp. of USD400m of 5.875% senior notes due 2021 and USD700m of 6.375% senior notes due 2023 at a price of 100% of the principal amount of each series of notes.
The offering is expected to close on December 19, 2013, subject to customary closing conditions.
NCR Escrow will initially deposit the net proceeds from the offering into a segregated escrow account. The company intends to use the net proceeds from the offering, together with cash, incremental term loans and additional borrowings under the company´s revolving credit facility, to finance the previously announced acquisition of Digital Insight Corp.
NCR is a leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. NCR is headquartered in Duluth, Georgia with over 26,000 employees and does business in 180 countries. NCR is a trademark of NCR Corp. in the United States and other countries.