Diebold nixdorf, incorporated announces first amendment to transaction support agreement

Hudson, ohio , nov. 28, 2022 /prnewswire/ -- diebold nixdorf, incorporated ("parent") (nyse: dbd) today announced that it has entered into an amendment (the "amendment") to the previously announced transaction support agreement ("tsa"), among parent, certain of its subsidiaries and holders of over a majority of its term loans and each series of its outstanding secured and unsecured notes. the amendment, among other items, (i) reduces the minimum participation threshold for the consent solicitation and private exchange offer with respect to parent's existing 8.50% senior notes due 2024 that is contemplated by the tsa (the "2024 consent solicitation and exchange offer") to 83.4% from 95% and (ii) provides that all eligible holders who participate in the 2024 consent solicitation and exchange offer, as well as the term loan exchange and senior secured notes consent solicitation that are contemplated by the tsa, in accordance with their terms, will receive the transaction premiums applicable thereto that were previously reserved for eligible holders who had signed the tsa or joinders thereto.
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