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Stock impact report

Brink's Announces Amendment and Extension of its Credit Agreement in Preparation for NCR Atleos Acquisition [Yahoo! Finance]

NCR Atleos Corporation (NATL) 
Company Research Source: Yahoo! Finance
leading global provider of cash and valuables management, digital retail solutions and ATM managed services, completed an amendment and extension of its existing credit facility (the “amended and restated credit agreement”). The amended and restated credit agreement increases the size of the existing credit facility from $2.225 billion to $3.85 billion. The increase is structured as a $1.025 billion delayed draw term loan and a $600 million increased revolving credit commitment, and the proceeds are intended to be used to fund part of the cash consideration for Brink's potential acquisition of NCR Atleos Corporation (“NCR Atleos”), refinance indebtedness of NCR Atleos, and fund general corporate purposes. The amended and restated credit agreement will mature on March 31, 2031. Pricing is expected to remain at Term SOFR + 150 basis points through the consummation of Brink's proposed acquisition of NCR Atleos, subject to Brink's consolidated net leverage ratio in accordance with the t Show less Read more
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