trending Market Intelligence /marketintelligence/en/news-insights/trending/CuYK3WQjKDfvbw9znFuAZg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Diebold prices $400M senior notes offering related to Wincor Nixdorf deal


Banking Essentials Newsletter - February Edition


Fintech Intelligence: January 2021 Newsletter


Banking Essentials Newsletter, January edition - part 2

Banking Essentials Newsletter December Edition Part 2

Diebold prices $400M senior notes offering related to Wincor Nixdorf deal

Diebold Inc.said April 5 that it has priced an offeringof $400 million aggregate principal amount of 8.500% senior notes due 2024 in connectionwith its proposedacquisition of Wincor Nixdorf AG.

The senior notes will be issued at a price of 100.00% of theirprincipal amount and will be guaranteed by certain of Diebold's existing and futuredomestic subsidiaries on a senior unsecured basis. The offering is expected to closeApril 19.

Diebold intends to use the net proceeds from the offering ofthe senior notes, along with a portion of the cash proceeds from the completed saleof its North America electronic security business and borrowings from its seniorcredit facility, to pay the cash portion of the consideration for tendered WincorNixdorf shares, to purchase additional Wincor Nixdorf ordinary shares, to refinancea portion of its and Wincor Nixdorf's debt, to pay related fees and expenses, andfor general corporate purposes.