Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DIEBOLD NIXDORF, Inc incurred credit facility of $1.25 billion with GLAS USA LLC (as administrative agent) at adjusted secured overnight financing rate with a one-month tenor rate plus 7.50% maturing October 2, 2023.
- Instrument
- credit facility
- Principal
- $1.25 billion
- Counterparty
- GLAS USA LLC (as administrative agent)
- Rate
- adjusted secured overnight financing rate with a one-month tenor rate plus 7.50%
- Maturity
- October 2, 2023
- Event
- incurrence
Exact text from the filing
with the applicable provisions of the U.S. Bankruptcy Code and orders of the U.S. Bankruptcy Court. On June 2, 2023, the U.S. Bankruptcy Court approved the Debtors’ proposed $1.25 billion senior secured superpriority debtor-in-possession term loan credit facility (the “DIP Facility”) on an interim basis pursuant to the DIP Facility Interim Order (as defined
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
DIEBOLD NIXDORF, Inc entered into DIP Credit Agreement with GLAS USA LLC, GLAS Americas LLC, and certain financial institutions valued at $1.25 billion senior secured superpriority debtor-in-possession term loan credit facility (effective 2023-06-05).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- GLAS USA LLC, GLAS Americas LLC, and certain financial institutions
- Value
- $1.25 billion senior secured superpriority debtor-in-possession term loan credit facility
- Effective
- 2023-06-05
Exact text from the filing
On June 5, 2023, the Company, as borrower, entered into the credit agreement governing the DIP Facility along with certain financial institutions party thereto, as lenders, and GLAS USA LLC, as administrative agent, and GLAS Americas LLC, as collateral agent (the "DIP Credit Agreement"), and the closing of the DIP Facility occurred on the same day.
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