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Diebold launches $500M senior note offering

DieboldInc. said March 30 that it commenced, subject to market conditions,an offering of $500 million of senior notes due 2024 in an offering exempt fromthe registration requirements of the Securities Act.

The senior notes offering is in connection with theproposedacquisition of Wincor NixdorfAG.

It is expected that the senior notes will be guaranteed bycertain of Diebold's existing and future domestic subsidiaries on a seniorunsecured basis.