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Diebold Nixdorf Commences $950 Million Senior Secured Notes Offering
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Diebold Nixdorf Commences $950 Million Senior Secured Notes Offering
Dec 10, 2024 6:38 AM

09:11 AM EST, 12/10/2024 (MT Newswires) -- Diebold Nixdorf ( DBD ) said Tuesday that it commenced offering $950 million senior secured notes due in 2030.

The company said it concurrently plans to secure a new $310 million revolving credit facility, maturing in December 2029.

The proceeds from the notes offering, along with funds from the new credit facility and cash on hand, will be used to repurchase term loans under its current senior secured term loan facility via a Dutch auction, repay outstanding borrowings under its super-priority senior secured revolving credit facility, and cover related costs, the company added.

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