Diebold Nixdorf launches $950M note offering, Dutch auction for $1.05B term loans

DIEBOLD NIXDORF, Inc

Commences $950M senior secured notes offering due 2030; net proceeds to repurchase term loans and repay revolver.
Launches Dutch auction to repurchase up to $1.05B term loans at 102% of principal; $1.035B (98.6%) lenders have agreed to participate.
Expects to enter new $310M revolving credit facility maturing Dec 2029, conditional on note offering closing.
Exit credit agreement amendment executed with lenders representing 98.6% of term loans to permit new debt and remove most covenants.
Refinancing transactions intended to reduce debt and improve capital structure.

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