Stibbe advised a group of finance parties on the debt refinancing of Diebold Nixdorf
Stibbe advised a group of finance parties as to matters of Dutch law on the refinancing of certain debt and on the provision of USD 400 million in new capital for Diebold Nixdorf, in connection with a comprehensive cross-border debt recapitalization of the Diebold Nixdorf Group. These transactions entailed a new $400 million superpriority senior secured term loan financing, the issuance by Diebold Nixdorf of extended-maturity term loans in exchange for existing first-lien term loans, a consent solicitation with respect to existing first-lien bonds, the issuance of junior-lien bonds in exchange for unsecured bonds and the exchange of revolving loans for commitments under a new global ABL facility. Stibbe worked alongside Davis Polk (US) and Ashurst (Europe and UK).
Diebold Nixdorf is an American multinational financial and retail technology company that specializes in the sale, manufacture, installation and service of self-service transaction systems, point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets.