Ok,...... now I don't understand this stuff, but to me it sounds like over the weekend Voyix was rummaging through the couch cushions to find more stuff to sell !?!?
https://finance.yahoo.com/news/ncr-voyix-announces-cash-tender-200100261.html
6 replies (most recent on top)
5-10 years, nobody will even remember Voyix’s name
Post ID: @ejk+1udSBKck 5 or 10 years ? My you're optimistic. They should be happy with 5 or 10 months. We're deep into the death spiral and we can see the ground on an overcast day.
No way anyone can be in either company (Voyix/Atleos) and think they have a bright future of growth. Most are just there for the paycheck and riding this out until RIF. Maybe get another 5-10 years out of it max.
This leads me to believe that Voyix is going to be gone, no longer anything to do with NCR, I hope nobody is surprised at this point, it’s been pretty clear since the separation. If your still employed by Voyix, you should have seen this coming, if you didn’t your not being honest, or just ready for your RIF
They are attempting to retire some debt early. This PR announces the offer from the company and starts the process for owners of the debt (bonds) to get paid. They’ll pay off this and additional debt with the revenue from the sale of Digital Banking. If they can pay off enough, it gets easier for private equity to buy commerce and hospitality. (Most likely by loading new debt onto the company.)
Oh, ok ........
"Senior notes, also referred to as senior debt, are a form of debt financing that gives the lenders priority claim to assets and cash flows in the event of default or bankruptcy*. Unlike other debt instruments like subordinated notes or junior debt, senior notes are deemed less risky for lenders due to their senior status."
So,... What are you trying to say, Voyix ???