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.
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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.
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SOURCE Diebold Nixdorf