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

T-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.

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