Public Disclosure of Inside Information pursuant to Article 17 MAR
August 27, 2018 - North Canton, Ohio, United States of America - Diebold Nixdorf, Incorporated (the "Company") today announced it has secured a capital commitment of $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 with an anticipated interest rate of LIBOR plus 925 basis points. The Company intends to use the funds to acquire remaining shares of Diebold Nixdorf AG, repay debt and for general corporate purposes and working capital in the ordinary course of business.
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.
August 27, 2018 - North Canton, Ohio, United States of America - Diebold Nixdorf, Incorporated (the "Company") today announced it has secured a capital commitment of $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 with an anticipated interest rate of LIBOR plus 925 basis points. The Company intends to use the funds to acquire remaining shares of Diebold Nixdorf AG, repay debt and for general corporate purposes and working capital in the ordinary course of business.
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.
