On October 20, 2022, Diebold Nixdorf, a global leader in banking and retail technology, announced its entry into a Transaction Support Agreement (TSA) with key financial stakeholders for debt refinancing and securing $400 million in new capital. This agreement involves over a majority of Diebold Nixdorf's term loan holders and secured and unsecured note holders, representing significant portions of its existing debt. The TSA aims to extend near-term debt maturities and enhance liquidity, with completion expected before December 31, 2022. Additionally, stakeholders who join the TSA by October 27, 2022, can choose to provide commitments for part of the $400 million financing, and are eligible for transaction premiums.

Diebold Nixdorf's CEO, Octavio Marquez, acknowledged the financial community's confidence in the company's long-term strategy and resilience. He cited a robust product demand, with a backlog of approximately $1.3 billion by year-end 2022, covering 80% of the 2023 Product revenue.

Financial advisors and legal counsel for this transaction include Evercore Group LLC and Sullivan and Cromwell LLP for Diebold Nixdorf. Advisors for creditors holding various notes and term loans include PJT Partners LP, Gibson, Dunn & Crutcher LLP, Houlihan Lokey Capital, Inc., and Davis Polk & Wardwell LLP. JPMorgan Chase Bank, N.A. serves as the administrative agent and is arranging new credit facilities as part of the TSA.