---
schema_version: "secwatch.filing_event.v1"
accession: "0000028823-22-000142"
form_type: "8-K"
ticker: "DBD"
cik: "0000028823"
company_name: "DIEBOLD NIXDORF, Inc"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:58:47.940656+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Diebold Nixdorf secures temporary waiver of leverage covenant; creditor support for restructuring grows to 97%

## Summary
- Limited waiver of total net leverage ratio covenant for Q3 2022, effective through December 31, 2022.
- Lenders temporarily waive defaults from non-compliance and related representation inaccuracies.
- Transaction Support Agreement creditor participation: 97% of term loans (from 79%), 83% of 2024 senior notes (from 59%).
- Revolving credit lenders not required to fund new loans or issue letters of credit during waiver period.

## SEC filing metadata
- accession: 0000028823-22-000142
- form_type: 8-K
- ticker: DBD
- cik: 0000028823
- company_name: DIEBOLD NIXDORF, Inc
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/28823/000002882322000142/0000028823-22-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/28823/000002882322000142/dbd-20221104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000028823-22-000142
- JSON: https://secwatch.observer/filing/0000028823-22-000142.json
- Plain text: https://secwatch.observer/filing/0000028823-22-000142.txt

## Key facts
- Material Agreements
  DIEBOLD NIXDORF, Inc amended Limited Waiver with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (effective 2022-10-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Effective: 2022-10-31
  source text: On October 31, 2022, the Company entered into a limited waiver (the “Limited Waiver”) in connection with the Existing Credit Agreement, among the Company, the Administrative Agent, the other subsidiary borrower party thereto and the Lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/28823/000002882322000142/0000028823-22-000142-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.