NCR Atleos Corporation Announces Successful Consent Solicitation for Senior Secured Notes

Key Highlights

• Consent Solicitation Achieved: NCR Atleos Corporation (NYSE: NATL) has obtained the required consents for certain amendments to the indenture governing its 9.500% Senior Secured Notes due 2029.
• Supplemental Indenture Executed: On March 11, 2026, the company, its subsidiary guarantors, and the trustee executed a supplemental indenture, making the amendments effective immediately.
• Binding on All Noteholders: The amendments are now binding on all holders of the Notes, including those who did not provide their consent.
• Advisors Involved: Morgan Stanley & Co. LLC and Truist Securities, Inc. acted as solicitation agents; D.F. King & Co. Inc. was the information and paying agent.

Details of the Consent Solicitation and Implications

NCR Atleos Corporation announced the results of its consent solicitation related to amending the indenture for its 9.500% Senior Secured Notes due 2029. As of March 11, 2026, consents representing a majority in aggregate principal amount of the outstanding Notes had been received and not validly revoked. This milestone allowed the company to formally execute the amendments, which are now effective and legally binding on all noteholders.

The amendments provide NCR Atleos with increased strategic and financial flexibility. The specifics of the amendments were disclosed in the Consent Solicitation Statement dated March 5, 2026. All holders, regardless of whether they participated in the solicitation, are now subject to the new terms.

Potential Impacts for Shareholders

• Financial Flexibility: The successful solicitation and amendment execution may improve the company’s leverage profile and ability to manage its debt, which could be viewed positively by credit rating agencies and equity investors.
• Binding Nature of Amendments: The fact that the amendments are binding on all holders, including those who did not consent, underscores the decisive action taken by the company to secure its financial position.
• Transaction with Brink’s: The release also contains forward-looking statements regarding a proposed transaction between NCR Atleos and Brink’s. Shareholders should note that the completion of this transaction is subject to several risks and uncertainties, including regulatory and shareholder approval, financing, integration risks, and potential litigation. These factors could significantly impact future performance and share price.
• Forward-Looking Risks: The company outlines a number of risks that could affect the outcome of the amendments and the proposed transaction, including the ability to service new debt, integration challenges, and potential business disruptions after the public announcement of the transaction. Any failure in these areas could adversely affect the company’s share value.

Company Profile

NCR Atleos is described as a leader in expanding self-service financial access, with industry-leading ATM expertise, the largest independently owned ATM network, and a focus on digital-first financial self-service experiences. The company serves both financial institutions and retailers, aiming to drive operational efficiency and customer engagement.

Contact Information

News Media Contact: Scott Sykes ([email protected])
Investor Contact: Melanie Skijus ([email protected])

For additional inquiries about the consent solicitation, investors are directed to Morgan Stanley & Co. LLC and Truist Securities, Inc.

Forward-Looking Statements and Risks

The release contains forward-looking statements regarding the anticipated benefits of the amendments and the proposed transaction with Brink’s. These statements are subject to numerous risks and uncertainties, such as the ability to complete the transaction, integration challenges, obtaining regulatory approvals, maintaining key relationships, and broader economic conditions.

Shareholders should review the risk factors detailed in the latest Annual Reports on Form 10-K filed by both NCR Atleos and Brink’s, as well as any subsequent SEC filings.

Disclaimer

This article is for informational purposes only and does not constitute an offer to buy or sell any securities. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. The information herein is based on current disclosures by the company and may be subject to change. The company undertakes no obligation to update forward-looking statements except as required by law.

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