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Why NCR Stock Rose Today

TheMotleyFool

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Shares of NCR (NYSE: NCR) have risen today, up by 2% as of 12:30 p.m. EDT, after the company announced an offering of senior notes. Many companies are beefing up their balance sheets to help weather the impacts of the COVID-19 crisis.

NCR is looking to raise $400 million from the senior notes offering. The notes will come due in 2025 and are being offered to qualified institutional investors. The payment tech company says it plans to use the proceeds for working capital and general corporate purposes.

NCR serves the restaurant industry, which is getting slammed by the coronavirus. Image source: Getty Images.

Source Fool.com

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