NCR Voyix Corporation (NYSE: VYX) has announced the extension of its tender offers to purchase up to $1,177,079,565 aggregate purchase price of its outstanding senior notes. The tender offers, which were previously scheduled to expire on September 24, 2024, have been extended to September 26, 2024, and will thereafter be extended on a daily basis.
As of the early tender date on September 9, 2024, the tender offers were oversubscribed, and no additional notes tendered after that date will be accepted for purchase. Additionally, notes purchased will be subject to proration, and withdrawal rights for the notes expired at 5:00 p.m., New York City time, on the early tender date.
The tender offers are subject to certain conditions, including the completion of the previously announced sale of the company’s digital banking segment (the “digital banking sale”). If any of the conditions are not satisfied, the company is not obligated to accept for payment, or pay for, and may delay the acceptance for payment of, any tendered notes and may even terminate one or more tender offers.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the dealer managers for the tender offers, and Global Bondholder Services Corporation is the tender and information agent for the tender offers.
NCR Voyix Corporation is a leading global provider of digital commerce solutions for the retail, restaurant, and digital banking industries, with customers in more than 30 countries across the globe.
This press release does not constitute an offer to purchase, or a solicitation of an offer to sell, or the solicitation of tenders with respect to the notes.
The extension of the tender offers reflects the company's ongoing efforts to manage its outstanding senior notes and optimize its capital structure amidst the changing financial landscape. As a result of these announcements, the company's shares have moved -4.5% on the market, and are now trading at a price of $13.04. If you want to know more, read the company's complete 8-K report here.
