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Diebold Gets $400 Million, Plots Debt Extension in Creditor Deal

Oct. 20, 2022, 2:32 PM

Diebold Nixdorf Inc., an ATM maker that been struggling for years to keep up with debt and operating expenses, reached a restructuring deal with creditors that will provide new financing and buy it more time to repay debt.

The North Canton, Ohio-based company said in a filing that one of its units will receive $400 million in new super-senior financing due 2025 and extend maturities on bonds and loans that were coming due in the next few years.

The new debt will mature between 2025 and 2026. Diebold also said it lined up a new $250 million asset-based credit ...