Diebold Nixdorf amends debt restructuring; lowers exchange threshold to 83.4%

DIEBOLD NIXDORF, Inc

Minimum participation threshold for 2024 exchange reduced from 95% to 83.4%.
Company covenants to file S-4 by Feb 14, 2023, launch registered exchange by Mar 15, complete by May 30, 2023.
All eligible holders who participate will receive transaction premiums previously reserved for TSA signatories.
Structuring premium of ~$9M will be used to purchase up to 4% of common stock; excess to be retained or topped up.
Company represents 16.7M treasury shares available for warrant exercises.

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 amended First Amendment to Transaction Support Agreement with the other guarantors and the Consenting Parties (effective 2022-11-28).

Action: amendment
Counterparty: the other guarantors and the Consenting Parties
Effective: 2022-11-28

Exact text from the filing

On November 28, 2022, the Company entered into the First Amendment to Transaction Support Agreement (the “Amendment”) among the Company, other guarantors under the Existing Documents (as defined in the Transaction Support Agreement) as set forth on the signature pages to the Transaction Support Agreement and the Consenting Parties (as defined in the Transaction Support Agreement) representing Majority Consenting Parties (as defined in the Transaction Support Agreement) that are signatory thereto.

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DIEBOLD NIXDORF, Inc filing history →

Source: SEC EDGAR

accession 0001193125-22-293637

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