secwatch.observer — SEC 8-K summary
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Issuer:     DIEBOLD NIXDORF, Inc (DBD)
CIK:        0000028823
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001193125-23-075887
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diebold Nixdorf obtains $55M FILO facility at SOFR+8%, waives ABL overadvance until June 4, 2023
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- $55M senior secured 'last out' term loan (FILO) drawn in full, matures June 4, 2023.
- FILO interest at adjusted term SOFR + 8.00% or base rate + 7.00%.
- 75-day waiver allows borrowings exceeding borrowing base up to $233.8M inclusive of FILO; no new loans permitted.
- Must maintain actual borrowing base of at least $140M during waiver period.
- Proceeds for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/28823/000119312523075887/0001193125-23-075887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/28823/000119312523075887/d261283d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-075887

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