Diebold nixdorf, incorporated announces extension of early delivery time in previously announced exchange offer and consent solicitation with respect to its outstanding 8.50% senior notes due 2024
Hudson, ohio , dec. 12, 2022 /prnewswire/ -- on november 28, 2022, diebold nixdorf, incorporated ("parent") (nyse:dbd) announced the commencement of a private exchange offer and consent solicitation (the "exchange offer and consent solicitation") with respect to the outstanding 8.50% senior notes due 2024 issued by parent (144a cusip: 253651aa1; reg s cusip: u25316aa5; registered cusip: 253651ac7) (the "2024 senior notes"), which includes (i) a private offer to eligible holders (as defined below) to exchange any and all 2024 senior notes for units (the "units") consisting of (1) new 8.50%/12.50% senior secured pik toggle notes due 2026 to be issued by parent (the "new notes") and (2) warrants (the "new warrants" and, together with the units and the new notes, the "new securities") to purchase common shares, par value $1.25 per share, of parent ("common shares"), which will, in the aggregate, be exercisable for up to 19.99% of the common shares outstanding on the business day immediately preceding the settlement date (as defined below) (calculated on a non-diluted basis and prior to giving effect to any exercise of the new warrants and the payment of the exercise price thereof via net share settlement, which applies to any exercise of the new warrants), subject to adjustment, and (ii) a related consent solicitation to adopt certain proposed amendments to the indenture governing the 2024 senior notes to eliminate certain of the covenants, restrictive provisions and events of default intended to protect holders, among other things, from such indenture, as described in more detail in the offering memorandum (as defined below) (the "proposed amendments"). the exchange offer and consent solicitation is being made on the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement, dated as of november 28, 2022 (the "offering memorandum"), as amended by this announcement, and the related eligibility letter, each of which sets forth in more detail the terms and conditions of the exchange offer and consent solicitation.
DBD Ratings Summary
DBD Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission