{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-162594","form_type":"8-K","ticker":"DBD","cik":"0000028823","company_name":"DIEBOLD NIXDORF, Inc","filed_at":"2023-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.705689+00:00","generated_at":"2026-06-14T06:08:51.238023+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Diebold Nixdorf enters $1.25B DIP credit facility on June 5, 2023","bullets":["$1.25B DIP facility fully drawn on June 5, 2023; $760M Term B-1 and $490M Term B-2 tranches.","Proceeds used to repay ABL facility and superpriority credit facility, fund restructuring costs and working capital.","Interest rate: SOFR + 7.50% or base + 6.50%; premiums include 10% participation and 13.5% backstop in new common equity.","DIP facility terminates on earliest of Oct 2, 2023, plan consummation, or acceleration.","Company filed Chapter 11 on June 1, 2023; DIP facility approved on interim basis by Bankruptcy Court."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-162594","json":"https://secwatch.observer/filing/0001193125-23-162594.json","markdown":"https://secwatch.observer/filing/0001193125-23-162594.md","text":"https://secwatch.observer/filing/0001193125-23-162594.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/28823/000119312523162594/0001193125-23-162594-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/28823/000119312523162594/d495467d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T06:08:51.238023+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9455fe422ec2646ccb5f85b9942a5fb351855d48","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/28823/000119312523162594/0001193125-23-162594-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.25 billion"},{"label":"Counterparty","value":"GLAS USA LLC (as administrative agent)"},{"label":"Rate","value":"adjusted secured overnight financing rate with a one-month tenor rate plus 7.50%"},{"label":"Maturity","value":"October 2, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c524579e75f76a07a2886786d7d3c95003d2af9a","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/28823/000119312523162594/0001193125-23-162594-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"GLAS USA LLC, GLAS Americas LLC, and certain financial institutions"},{"label":"Value","value":"$1.25 billion senior secured superpriority debtor-in-possession term loan credit facility"},{"label":"Effective","value":"2023-06-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}