NORTH CANTON, Ohio, Dec. 19, 2024 /PRNewswire/ -- Diebold Nixdorf, (NYSE: DBD), a world leader in transforming the way people bank and shop, has successfully refinanced the company's debt and significantly lowered its overall interest payments.
This strategic achievement reduces total debt by $100 million and is another step in the company's journey towards growing free cash flow and fortifying its balance sheet. This accomplishment follows recent credit rating and outlook upgrades from Moody's Ratings and S&P Global Ratings.
Diebold Nixdorf completed a $950 million senior secured notes offering and has repurchased all term loans under its prior $1.05 billion senior secured term loan facility. The company has also increased its liquidity position by executing a new $310 million revolving credit facility. All outstanding borrowings under the company's prior super-priority senior secured revolving credit facility have been repaid.
Tom Timko, Diebold Nixdorf executive vice president and chief financial officer, said: "Our successful refinancing significantly strengthens our financial position, reduces our overall debt and provides us with greater flexibility to execute our strategic priorities. These actions, along with the agency rating upgrades, demonstrate Diebold Nixdorf's commitment to continuous improvement, strengthening our financial position and ensuring long-term stability for the company and its stakeholders."
About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.
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SOURCE Diebold Nixdorf, Incorporated
