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Diebold Nixdorf secures $650M capital commitment from lenders

August 28, 2018

Diebold Nixdorf has secured a capital commitment for $650 million from two leading institutional lenders and has launched a process to amend its existing credit agreement. The company expects to complete these activities over the coming days, according to a press release.

Under the terms of the commitment, which would be implemented pursuant to a forthcoming amendment to its existing senior secured credit agreement, Diebold Nixdorf is expected to receive $650 million from a newly established Term Loan A-1, due in August 2022.

JP Morgan Chase Bank NA is serving as the sole and exclusive administrative agent for the company. The amendment to the credit agreement, including the Term Loan A-1 facility, remains subject to the satisfaction of certain conditions, including obtaining necessary lender approvals.

Also this morning, the company disclosed additional information that was provided to lenders in a current report on Form 8-K filed with the Securities and Exchange Commission.

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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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