AMERICAS DISTRESSED WATCH: Diebold Nixdorf, Service King, Endo

Below are potentially significant dates of interest to distressed-debt investors in North and South America. Moody’s cuts Diebold Nixdorf and says Service King is in default. S&P downgrades Endo International.

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• Exela Technologies
  • May 31: Closing date for new PNC Bank financing
  • Co. obtains three-year, $150 million commitment from PNC to replace existing securitization facility, estimates $6 million annual interest savings based on initial interest of ~4%; co. says ...