Diebold Nixdorf's Stock Plummets Amid Liquidity Concerns and Lender Talks.

Diebold Nixdorf shares plunged 23% premarket after the company cited "near-term pressure on liquidity" in a lender presentation due to the adverse effects of the COVID-19 pandemic on its operations and financial results. The firm has continued to operate manufacturing facilities to fulfill existing orders and is currently procuring for 2Q given lead times, resulting in a "steady use of cash" to achieve the demand plan/production forecast. Going forward, it would like to discuss with lenders a going-concern waiver, immediate solutions to achieve temporary incremental liquidity, and long-term considerations regarding capital structure.