debt
confidence high
sentiment neutral
materiality 0.50
Diebold Nixdorf prices $950M 7.75% senior secured notes due 2030, plans new $310M revolver
DIEBOLD NIXDORF, Inc
- $950M aggregate principal of 7.750% Senior Secured Notes due 2030 at 100% of par; expected close Dec 18, 2024.
- New $310M revolving credit facility maturing December 2029 to also be entered into.
- Net proceeds to repurchase term loans via Dutch auction, repay existing revolver, and pay fees; remainder for general corporate purposes.
- Notes and guarantees secured by first-priority liens on substantially all tangible/intangible assets of company and guarantors, pari passu with new RCF.
- Offering exempt from registration under Rule 144A and Regulation S.