Diebold Nixdorf Announces Global Debt Restructuring Agreement to Reduce Leverage and Boost Liquidity.
Diebold Nixdorf has entered into a restructuring support agreement with its key financial stakeholders to effectuate a comprehensive debt restructuring transaction that is intended to significantly reduce debt and leverage levels and provide substantial additional liquidity to support seamless ongoing operations and establish a long-term, sustainable capital structure for the Company. The restructuring support agreement contemplates the effectuation of a deleveraging transaction through a pre-packaged chapter 11 plan of reorganization to be filed by the Company and certain of its subsidiaries contemporaneously with the commencement by the Debtors of voluntary cases under chapter 11 of title 11 of the U.S. Bankruptcy Code.
