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Diebold launches $545 million term loan at Libor plus 275-300 bps
By Sara Rosenberg
New York, April 6 – Diebold Nixdorf held a lender call on Thursday to launch a $545 million term loan that is talked at Libor plus 275 basis points to 300 bps with a 0% Libor floor and a par issue price, according to a market source.
The company also launched a €348 million term loan talked at Euribor plus 300 bps to 325 bps with a 0% floor and a par issue price, the source said.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to reprice existing term loans.
Diebold is a North Canton, Ohio-based provider of self-service delivery, value-added services and software primarily to the financial industry.
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