NCR Atleos Enters Material Definitive Agreement

TL;DR

NCR Atleos just signed a big financial deal, could affect their balance sheet.

AI Summary

On October 17, 2024, NCR Atleos Corporation entered into a material definitive agreement related to a financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial obligations are provided within the filing.

Why It Matters

This filing signals a significant financial commitment or obligation for NCR Atleos, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a material definitive agreement and financial obligation introduces potential risks related to the terms, execution, and financial impact of the arrangement.

Key Players & Entities

• NCR Atleos Corporation (company) — Registrant
• October 17, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share NATL New York Stock Exchang
• $100,000,000 — e revolving credit commitments equal to $100,000,000 such that the aggregate amount of revol
• $600,000,000 — er giving effect this Amendment will be $600,000,000 (" Revolving Credit Loans "), and (b) a
• $300,000,000 — an aggregate principal amount equal to $300,000,000. The proceeds of the Term A-2 Loans wi
• $445,000,000 — an aggregate principal amount equal to $445,000,000 (the " New Term B Loans "). Interest R

Filing Documents

• tm2426454d1_8k.htm (8-K) — 31KB
• tm2426454d1_ex10-1.htm (EX-10.1) — 1470KB
• 0001104659-24-109704.txt ( ) — 1979KB
• natl-20241017.xsd (EX-101.SCH) — 3KB
• natl-20241017_lab.xml (EX-101.LAB) — 33KB
• natl-20241017_pre.xml (EX-101.PRE) — 22KB
• tm2426454d1_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. NCR Atleos Corporation, a Maryland corporation (the " Company ") announced that it and certain of its subsidiaries have entered into the First Amendment dated as of October 17, 2024 (the " First Amendment ") to the Credit Agreement dated as of September 27, 2023 by and among the Company, certain subsidiaries from time to time party thereto, the lenders party thereto, and Bank of America, N.A., as administrative agent (the "Administrative Agent") (in effect prior to the effectiveness of this First Amendment, the "Credit Agreement"; the Credit Agreement, as modified by this Amendment, the " Amended Credit Agreement "). The First Amendment provides for (a) an increase in the aggregate principal amount of the revolving credit commitments equal to $100,000,000 such that the aggregate amount of revolving credit commitments after giving effect this Amendment will be $600,000,000 (" Revolving Credit Loans "), and (b) a new class of incremental term loan commitments (the " Term A-2 Commitments " and the loans made pursuant thereto, the " Term A-2 Loans ") to be established in an aggregate principal amount equal to $300,000,000. The proceeds of the Term A-2 Loans will be used to, among other things, (i) prepay a portion of the Term B Loans outstanding under the Credit Agreement immediately prior to the effectiveness of this Agreement (the " Existing Term B Loans "), (ii) to pay the call premium, fees, costs and expenses related to the foregoing transactions and (iii) for general corporate purposes. Immediately following the prepayment described in clause (i) above, the Existing Term B Loans shall be refinanced and replaced in their entirety with a new tranche of term loans under the Credit Agreement in an aggregate principal amount equal to $445,000,000 (the " New Term B Loans "). Interest Rates The existing senior secured term loan A facility (the " Term A-1 Loans "), the Term A-2 Loans and the Revolving Credit Loa

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: The following exhibits are attached with this current report on Form 8-K: Exhibit No. Description 10.1 First Amendment dated as of October 17, 2024 (the " First Amendment ") to the Credit Agreement dated as of September 27, 2023 by and among the Company, certain subsidiaries from time to time party thereto, the lenders party thereto, and Bank of America, N.A., as administrative agent (the "Administrative Agent") 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) + Indicates management compensatory plan or arrangement.

SIGNATURES

SIGNATURES 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. NCR Atleos Corporation By: /s/ Paul J. Campbell Paul J. Campbell Executive Vice President and Chief Financial Officer Date: October 18, 2024

View Full Filing

View this 8-K filing on SEC EDGAR