Diebold agrees $500m credit facility

Source: Diebold

Diebold, Incorporated (NYSE: DBD) entered into a $400 million and euro 75 million credit facility agreement with certain key relationship banks.

The new facility replaces a previous facility of approximately the same amount which was scheduled to expire in April 2010. The new arrangement maintains existing covenants that were already in place, and is unsecured. The new credit facility is for a term of three years and expires in October 2012.

More detail on Diebold's credit facility can be found in an SEC document filed by the company today on Form 8-K.

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