other material
confidence high
sentiment negative
materiality 0.75
DIEBOLD NIXDORF, Inc (DBD): going-concern / distress — Diebold Nixdorf Dutch unit files Chapter 15 petition; hearing set for July 12, 2023
DIEBOLD NIXDORF, Inc
- Diebold Nixdorf Dutch Holding B.V. filed a voluntary Chapter 15 petition on June 12, 2023, seeking U.S. recognition of its Dutch scheme proceeding.
- A hearing on the recognition petition is scheduled for July 12, 2023 at 2:30 p.m. CT before the U.S. Bankruptcy Court in Houston.
- The Dutch scheme proceeding was initiated under the Dutch Act on Confirmation of Extrajudicial Plans (WHOA) on June 1, 2023.
- The company and its subsidiaries continue to operate as debtors-in-possession under Chapter 11 cases filed June 1, 2023.