Diebold Nixdorf to repay term loans, $194 million revolving loans

By Taylor Fox

Chicago, July 7 – Diebold Nixdorf Inc. plans to use the net proceeds from a sale of notes as well as cash on hand to repay a portion of the amounts outstanding under its senior credit facility.

Diebold plans to repay all amounts outstanding under its term loan A facility and term loan A-1 facility and about $194 million of revolving credit loans, including all revolving loans due December 2020.

Diebold has begun an offering of $690 million of senior secured notes due 2025, while its wholly owned subsidiary, Diebold Nixdorf Dutch Holding BV, has also commenced an offering of €350 million of senior secured notes due 2025, according to a news release.

Diebold is a North Canton, Ohio-based provider of self-service delivery, services and software primarily to the financial and retail industries.

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