Diebold Nixdorf Inc. said it is engaged in "constructive and productive discussions" with its lenders about its financial flexibility in the future.

The provider of commerce services, software and technology recently disclosed in a regulatory filing that it was at risk of violating certain maintenance covenants governing its credit agreement . It also substantially cut its 2018 financial outlook.

The company expects to reach a resolution over the matter "in the near term" and may disclose additional details later.

Additionally, Diebold provided an update on its stake in Diebold Nixdorf AG.

The company held 77.1% of the outstanding shares of Diebold Nixdorf AG at the end of July. Diebold Nixdorf AG's shareholders in August requested redemptions for approximately 3.8 million of the company's shares, or 12.9% of its outstanding shares, with a value of roughly $255 million. Diebold funded $160 million of the initial obligation using cash on hand and borrowings under its revolving facility. It expects to settle the additional obligation later in the week of Aug. 13, with cash on hand and the revolving facility. Subsequently, Diebold will own more than 90% of Diebold Nixdorf AG's outstanding shares that will enable it to initiate the process to merge Diebold Nixdorf AG with and into Diebold KGaA, as part of the integration of Diebold's German subsidiaries.

Diebold said it reduced the annual dividend payments to Diebold Nixdorf AG's minority shareholders by approximately $12 million in light of the shares tendered since the end of July. The remaining dividend payments of nearly $10 million will be eliminated once all shares have been acquired.

Further, Diebold announced that it received cash proceeds of approximately $70 million from the monetization of its investment in company-owned life insurance contracts.