NORTH
CANTON, Ohio, Dec. 19,
2024 /PRNewswire/ -- Diebold
Nixdorf, (NYSE: DBD), a world leader in transforming the way
people bank and shop, has successfully refinanced the company's
debt and significantly lowered its overall interest payments.
This strategic achievement reduces total debt by $100 million and is another step in the company's
journey towards growing free cash flow and fortifying its balance
sheet. This accomplishment follows recent credit rating and outlook
upgrades from Moody's Ratings and S&P Global Ratings.
Diebold Nixdorf completed a
$950 million senior secured notes
offering and has repurchased all term loans under its prior
$1.05 billion senior secured term
loan facility. The company has also increased its liquidity
position by executing a new $310
million revolving credit facility. All outstanding
borrowings under the company's prior super-priority senior secured
revolving credit facility have been repaid.
Tom Timko, Diebold Nixdorf executive vice president and
chief financial officer, said: "Our successful refinancing
significantly strengthens our financial position, reduces our
overall debt and provides us with greater flexibility to execute
our strategic priorities. These actions, along with the agency
rating upgrades, demonstrate Diebold
Nixdorf's commitment to continuous improvement,
strengthening our financial position and ensuring long-term
stability for the company and its stakeholders."
About Diebold
Nixdorf
Diebold
Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and
transforms the way people bank and shop. As a partner to the
majority of the world's top 100 financial institutions and top 25
global retailers, our integrated solutions connect digital and
physical channels conveniently, securely and efficiently for
millions of consumers each day. The company has a presence in more
than 100 countries with approximately 21,000 employees worldwide.
Visit www.DieboldNixdorf.com for more information.
LinkedIn: www.linkedin.com/company/diebold
X: @DieboldNixdorf
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
Forward-Looking Statements
This press release may
contain forward-looking statements that are not historical
information and are "forward-looking statements" within the meaning
of the federal securities laws. Forward-looking statements give
current expectations or forecasts of future events and are not
guarantees of future performance. Statements can generally be
identified as forward looking because they include words such as
"believes," "anticipates," "expects," "intends," "plans," "will,"
"estimates," "potential," "target," "predict," "project," "seek,"
and variations thereof or "could," "should" or words of similar
meaning. Statements that describe the Company's future plans,
objectives or goals are also forward-looking statements, which
reflect the current views of the Company with respect to future
events and are subject to assumptions, risks and uncertainties that
could cause actual results to differ materially. Although the
Company believes that these forward-looking statements are based
upon reasonable assumptions regarding, among other things, the
economy, its knowledge of its business, and key performance
indicators that impact the Company, these forward-looking
statements involve risks, uncertainties and other factors that may
cause actual results to differ materially from those expressed in
or implied by the forward-looking statements, including the
Company's ability to successfully execute its strategic priorities.
For a further discussion of these and other factors that could
cause the Company's future results to differ materially from any
forward-looking statements, see the reports and other filings by
the Company with the U.S. Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ended December 31, 2023, as filed
with the SEC on March 8, 2024, and
the Company's most recent Quarterly Report on Form 10-Q for the
quarterly period ended September 30,
2024, as filed with the SEC on November 7, 2024. Except to the extent required
by applicable law or regulation, the Company undertakes no
obligation to update these forward-looking statements to reflect
future events or circumstances or to reflect the occurrence of
unanticipated events.
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SOURCE Diebold Nixdorf,
Incorporated
