04:54 PM EDT, 09/30/2024 (MT Newswires) -- NCR Voyix ( VYX ) late Monday said it has reduced its outstanding debt by $1.84 billion after completing the $2.45 billion sale of its digital banking business to privately held Veritas Capital.

NCR Voyix ( VYX ) said the deal was part of its efforts to narrow the company's focus on its core restaurant and retail businesses. Proceeds from the transaction went to pay down nearly two-thirds of its prior liabilities, including all $200 million owed on its revolving credit facility and its $192.5 million term loan facility.

The company also paid down two series of senior notes through tender offers, retiring $797.1 million of the $1.2 billion in face value of its 5.125% senior notes due 2029 along with $397.9 of the $450 million of 5.25% senior note maturing in 2030.

NCR Voyix ( VYX ) has around $1.11 billion in outstanding debt remaining, including all $650 million of its 5.00% senior notes due 2028, according to the company.

NCR Voyix ( VYX ) shares were nearly 4% higher in Monday's extended session.

Price: 13.62, Change: +0.05, Percent Change: +0.37