📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

Diebold Nixdorf shares surge 27% on a new $55 million FILO tranche

Published 03/21/2023, 05:35 PM
Updated 03/21/2023, 06:10 PM
© Reuters.  Diebold Nixdorf shares surge 27% on a new $55 million FILO tranche
DBDQQ
-

By Davit Kirakosyan

Diebold Nixdorf Inc (NYSE:DBD) shares jumped more than 27% after-hours following the company’s announced amendment to its asset-based credit facility (ABL) to add a new $55 million first-in-last-out term loan (FILO) tranche.

Additionally, Diebold Nixdorf's ABL lenders have agreed to certain modifications and waivers to the ABL facility, facilitating their continued collaborative efforts to develop an updated borrowing framework. The existing $250M non-FILO ABL tranche commitments remain in place.

"We are pleased to have secured the FILO loan to provide financing for our near-term priorities. We will continue to partner with our lenders to develop long-term improvements to our capital structure which will better support our operating model and the cycles of our business,” said Octavio Marquez, CEO of Diebold Nixdorf.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.