ATM maker Diebold Nixdorf Inc. is extending an early deadline for 2024 bondholders to participate in an exchange offer to Dec. 23.
- The early deadline, with the best terms for investors, was extended from Dec. 9
- Eligible bondholders can swap their 8.5% notes due 2024 for new 8.5%/12.5% senior secured PIK toggle notes due 2026 and warrants
- Deal has a minimum participation threshold of 83.4%
- Diebold received enough consent agreements to eliminate certain of the covenants, restrictive provisions and events of default tied to the 2024 notes
- The exchange is part of a restructuring deal Diebold
reached with creditors in ...
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