Payments
Diebold Nixdorf enters debt restructuring pact with shareholders
May 30, 2023
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ClaudeDiebold Nixdorf Inc. has entered into a restructuring support agreement with certain stakeholders to restructure its debt, according to a press release.
The restructuring is expected to reduce debt and leverage levels and provide additional liquidity to support operations and establish a long-term, sustainable capital structure for the company.
The company will continue to pay vendors and suppliers.
The company entered into the agreement with creditors who hold a "significant majority" of the company's outstanding secured term loan debt and secured notes, including approximately (a) 80.4% of the company's superpriority credit facility; (b) approximately 79% of its first lien term loan; (c) approximately 78% of its first lien notes; and (d) approximately 58.3% of its second lien notes.
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Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
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