Diebold Nixdorf Completes Amendment and Extension of Senior Secured Revolving Credit and Term Loan A Facilities
Summary
NORTH CANTON, Ohio, Aug. 7, 2019 /PRNewswire/ -- Diebold Nixdorf, Incorporated (NYSE: DBD) today announced it has successfully amended and extended the vast majority of its $787 million revolving credit facility and term A loans from December 23, 2020 to April 30, 2022. We received strong support from our existing lenders and demand for the term loan A was oversubscribed. Extending these maturities provides the company with both the time and liquidity needed to achieve our 2021 DN Now targets. Additionally, the company raised $116.7 million of new capital as part of the term loan A extension and used these proceeds to partially pay down existing lenders while maintaining overall liquidity. Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce.