E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/18/2023 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Fitch rates NCR Voyix loans BB+

Fitch Ratings said it assigned NCR Voyix Corp.'s new $500 million senior secured revolving credit facility and $200 million senior secured term loan BB+/RR2 ratings. The agency assigned the ratings in September.

The new credit facility includes two co-borrower subsidiaries NCR Ltd. and NCR Nederland BV and was entered upon spinning off its former ATM business, NCR Atleos Corp. (including borrower NCR Atleos, LLC).

NCR Voyix repaid and terminated all commitments under its prior senior secured credit facility.

Concurrently, Fitch said it affirmed the long-term issuer default ratings for NCR Voyix and two of its foreign borrower subsidiaries at BB-/RR4. The agency also affirmed NCR Voyix's BB- senior unsecured convertible preferred stock ratings.

The outlook is stable.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.