Diebold Nixdorf (NYSE: DBD), a global leader in automating, digitising, and revolutionising how people bank and shop, announced today that the previously announced transactions to refinance certain debt with near-term maturities and provide the company with $400 million in new capital with certain key financial stakeholders have been successfully completed. The completion of its previously announced exchange offers and consent solicitations with regard to its outstanding 8.50% Senior Notes due 2024 and its previously announced exchange offers and consent solicitations with regard to its outstanding 9.375% Senior Secured Notes due 2025 and Diebold Nixdorf Dutch Holding B.V.’s 9.000% Senior Secured Notes due 2025 are among these transactions. The most recent reports on Form 8-K that the business has already submitted to the SEC and are accessible on Diebold Nixdorf’s Investor Relations website contain more details on the transactions.
President and CEO of Diebold Nixdorf, Octavio Marquez, stated: “The achievement of this significant milestone, which gives us the money to help normalise our operations, meet supplier commitments, carry out our operating model, and make strategic investments in the business to further strengthen our position in the global market, has made our company eager to move into 2023. We are appreciative of the assistance we have received from our lenders and noteholders throughout this process, which, in our opinion, demonstrates the confidence of the financial community in our company. We are working with a leaner, more adaptable organisation that is nevertheless totally committed to assisting our banking and retail customers in improving operational efficiency and enhancing customer satisfaction.”
Diebold Nixdorf is receiving financial advice on the debt refinancing from Evercore Group L.L.C. and legal assistance from Sullivan & Cromwell LLP.

Source: Prnewswire