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Diebold Nixdorf Secures Capital Commitment to Enhance Liquidity

27 August 2018
Funds to be used to acquire remaining shares of Diebold Nixdorf AG, repay debt and for general corporate purposes including the company's DN Now operational improvement plan

NORTH CANTON, Ohio, Aug. 27, 2018 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD) today announced it 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.

Diebold Nixdorf Primary Logo. (PRNewsFoto/Diebold Nixdorf) (PRNewsfoto/Diebold Nixdorf)

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 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.  Additionally, 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 this morning. 

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE:DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world's top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an 'always on' and changing consumer landscape. The company has a presence in more than 130 countries with approximately 23,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Proposed Amendment.  Statements can generally be identified as forward looking because they include words such as "believes," "anticipates," "expects," "could," "should" or words of similar meaning. Statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that may affect the Company's results include, among others, the Company's ability to successfully enter into the Proposed Amendment on the terms described in the Lender Presentation or otherwise, including the ability to successfully close the Term Loan A-1 transaction, and other factors included in the Company's filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2017 and in other documents that the Company files with the SEC. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. The Company assumes no obligation to update any forward looking statements, which speak only to the date of this release.

 

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/diebold-nixdorf-secures-capital-commitment-to-enhance-liquidity-300702592.html

SOURCE Diebold Nixdorf

Media Relations: Mike Jacobsen, APR, +1-330-490-3796, michael.jacobsen@dieboldnixdorf.com; Investor Relations: Steve Virostek, +1-330-490-6319, steve.virostek@dieboldnixdorf.com


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