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NCR Corp (NCR) Announces $400M Senior Debt Offering

December 4, 2012 8:07 AM EST Send to a Friend
NCR Corporation (NYSE: NCR) intends to offer $400 million aggregate principal amount of senior notes due 2021 (the “Notes”), subject to market and customary conditions. The Notes will be general unsecured senior obligations of NCR Corporation and will be guaranteed by NCR International, Inc., a Delaware corporation, and Radiant Systems, Inc., a Georgia corporation.

The Company intends to use the net proceeds from the offering, together with cash and additional borrowings under the Company’s revolving credit facility, to finance the acquisition of Retalix Ltd. (“Retalix”). If the acquisition of Retalix is not consummated, the Company intends to use the net proceeds of this offering for general corporate purposes, which the Company expects to include funding a contribution to the Company’s global pension plans.

The Notes and the related subsidiary guarantees 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 guarantees 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.




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