The U.S. Bankruptcy Court in the Southern District of Texas has confirmed Diebold Nixdorf’s plan of reorganization related to its comprehensive debt restructuring.
Diebold Nixdorf, a banking technology service provider, entered into a restructuring support agreement with certain of its financial stakeholders, including creditors who hold a majority of its secured term loan debt, to effectuate a debt restructuring transaction.
Diebold Nixdorf executed an amendment to its asset-based credit facility to add a new $55 million first-in-last-out term loan tranche. According to an 8K filed with the SEC, JPMorgan Chase is the administrative and collateral agent for the facility.