Financial services, software, and hardware provider Diebold Nixdorf secured a commitment of $650 million in capital this week. The loan is coming from two unidentified, institutional lenders and repayment is due in August 2022.
The Ohio-based company will use the loan to acquire remaining shares of Diebold Nixdorf, repay debt, and fund its DN Now operational improvement plan. The loan is expected to be completed within the coming days.
Bloomberg reported earlier this month that the company may be experiencing a “potential liquidity crisis” and that “Diebold is trying to negotiate easier terms with its lenders, the second change in four months, to allow for greater leverage in its debt covenants.”
Diebold Nixdorf demoed on the Finovate stage alongside Zenmonics at FinovateFall 2014, showcasing an in-lobby terminal. Founded in 1859, the company is partnered with almost all of the world’s top 100 banks and most of the top 25 global retailers. Diebold Nixdorf’s employees help bring solutions to more than 130 countries.