Payments

Diebold Nixdorf enters debt restructuring pact with shareholders

Image provided by Diebold Nixdorf Inc.

May 30, 2023

Diebold Nixdorf Inc. has entered into a restructuring support agreement with certain stakeholders to restructure its debt, according to a press release.

The restructuring is expected to reduce debt and leverage levels and provide additional liquidity to support operations and establish a long-term, sustainable capital structure for the company.

The company will continue to pay vendors and suppliers.

The company entered into the agreement with creditors who hold a "significant majority" of the company's outstanding secured term loan debt and secured notes, including approximately (a) 80.4% of the company's superpriority credit facility; (b) approximately 79% of its first lien term loan; (c) approximately 78% of its first lien notes; and (d) approximately 58.3% of its second lien notes.