Daily News: August 23, 2018

Crain’s: Commerzbank Auctioning Off Diebold Loan Holdings

Crain’s Business Journal reported that Commerzbank, one of financial services company Diebold Nixdorf’s lenders, auctioned off $26 million of its revolving credit facilities and $21 million of Diebold’s ATM loans, with Citigroup as the winning bidder.

Crain’s added that the company’s largest lender, JPMorgan, is searching for investors to provide a $500 million rescue loan as Diebold faces a cash crunch.