8-K
filed January 5, 2023, 6:59 PM ET
ticker DBD
CIK 0000028823
debt
confidence high
sentiment neutral
materiality 0.75
Diebold Nixdorf completes debt exchange, extends maturities and adds $400M new capital
DIEBOLD NIXDORF, Inc
- Accepted $327.9M of 8.50% 2024 notes for new 8.50%/12.50% PIK toggle notes due 2026 and 15.8M warrants.
- Exchanged $697.3M of 9.375% 2025 USD notes and €345.6M of 9.000% 2025 EUR notes for new notes of same terms.
- New notes mature 2025/2026; interest payable Jan/Jul. Warrants exercisable at $0.01 after April 2024.
- Refinancing provides $400M in new capital and eliminates restrictive covenants on exchanged notes.
- Approximately 19.99% equity dilution potential from warrants (max 15.8M shares).
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DIEBOLD NIXDORF, Inc entered into supplemental indentures (effective 2022-12-29).
- Action
- entry
- Agreement
- notes offering
- Effective
- 2022-12-29
Exact text from the filing
me terms as the 2025 EUR Senior Notes, other than the issue date, the first interest payment date, the first date from which interest will accrue and other than with respect to ISIN numbers and common codes and (ii) related consent solicitations to enter into supplemental indentures with respect to (a) the indenture governing the 2025 USD Senior Notes, dated as of July 20, 2020 (the “2025 USD Senior Notes Indenture”), and (b) the indenture governing the 2025 EUR Senior Notes, dated as of July 20, 2020 (the “2025 EUR Senior Notes Indenture” and, together with the 2025 USD Senior Notes Indenture, the “2025 Senior Notes Indentures”), in order to amend certain provisions of the 2025 Senior Notes Indentures to, among other things, permit the refinancing transactions set forth in the Transaction Support Agreement, dated as of October 20, 2022 (as amended, the “Transaction Support Agreement”),
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DIEBOLD NIXDORF, Inc entered into indenture governing the New Notes (effective 2022-12-29).
- Action
- entry
- Agreement
- notes offering
- Effective
- 2022-12-29
Exact text from the filing
In connection with the 2024 Exchange Offer and Consent Solicitation, the Company entered into a unit agreement, a warrant agreement, an indenture governing the New Notes and a supplemental indenture
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DIEBOLD NIXDORF, Inc entered into warrant agreement (effective 2022-12-29).
- Action
- entry
- Agreement
- notes offering
- Effective
- 2022-12-29
Exact text from the filing
In connection with the 2024 Exchange Offer and Consent Solicitation, the Company entered into a unit agreement, a warrant agreement, an indenture governing the New Notes and a supplemental indenture
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DIEBOLD NIXDORF, Inc entered into supplemental indenture (effective 2022-12-29).
- Action
- entry
- Agreement
- notes offering
- Effective
- 2022-12-29
Exact text from the filing
In connection with the 2024 Exchange Offer and Consent Solicitation, the Company entered into a unit agreement, a warrant agreement, an indenture governing the New Notes and a supplemental indenture
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DIEBOLD NIXDORF, Inc entered into unit agreement (effective 2022-12-29).
- Action
- entry
- Agreement
- notes offering
- Effective
- 2022-12-29
Exact text from the filing
In connection with the 2024 Exchange Offer and Consent Solicitation, the Company entered into a unit agreement, a warrant agreement, an indenture governing the New Notes and a supplemental indenture
View on SEC.gov
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