secwatch.observer — SEC 8-K summary
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Issuer:     DIEBOLD NIXDORF, Inc (DBD)
CIK:        0000028823
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001193125-23-162594
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diebold Nixdorf enters $1.25B DIP credit facility on June 5, 2023
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/28823/000119312523162594/0001193125-23-162594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/28823/000119312523162594/d495467d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-162594

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