Diebold Nixdorf launches $950 million senior secured notes offering and Dutch auction
Diebold Nixdorf announced a $950 million offering of senior secured notes due 2030 and launched a Dutch auction to repurchase up to $1,050 million of its term loans at 102.0% of principal. The company plans to use the proceeds, a new $310 million revolving credit facility and cash on hand to repay those term loans and its existing revolving credit borrowings. The closing of the notes offering and the new credit agreement are conditioned on each other, and the company says there is no assurance the new credit agreement will be completed.
Key points
- $950.0 million of senior secured notes due 2030 offered, in reliance on Rule 144A and Regulation S exemptions from registration.
- Dutch auction launched December 10, 2024 for up to $1,050.0 million of term loans at 102.0% of principal; expires 12:00 p.m. New York City time on December 13, 2024 unless extended or terminated.
- As of December 6, 2024, lenders representing $1,035.3 million, or about 98.6%, of outstanding term loans agreed to submit return bids.
- New $310.0 million revolving credit facility maturing December 2029, with Goldman Sachs Bank USA as administrative agent, expected at closing.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 10, 2024.
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