Diebold Nixdorf secures $650m capital commitment

Source: Diebold Nixdorf

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.

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.  

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