Diebold Nixdorf Inc Enters Into A Restructuring Support Agreement With Certain Of Its Key Financial Stakeholders

Reuters2023-05-30

Diebold Nixdorf Inc :Diebold Nixdorf Inc - Has Entered Into A Restructuring Support Agreement With Certain Of Its Key Financial Stakeholders.Diebold Nixdorf Inc - Company Will Continue To Pay Vendors And Suppliers Through Expected Restructuring Process In Ordinary Course Of Business.Diebold Nixdorf Inc - Restructuring Support Agreement Provides That Debtors Will Seek Approval Of A $1.25 Billion Dip Facility As Part Of Chapter 11 Cases.Diebold Nixdorf Inc - Company'S Outstanding Common Shares Would Be Cancelled Pursuant To Restructuring Transactions.Diebold Nixdorf - Terms Of Restructuring Support Agreement Contemplate That Common Shares Of Restructured Co Will Be Listed On New York Stock Exchange.Diebold Nixdorf Inc - Expects Restructuring Transactions To Be Consummated In Q3 Of 2023.Diebold Nixdorf: Restructuring Support Agreement Includes A Pre-Packaged Chapter 11 Plan Of Reorganization To Be Filed By Co And Certain Of Its Units.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment