Diebold Nixdorf announced that the U.S. Bankruptcy Court in the Southern District of Texas has confirmed the company’s plan of reorganization related to its comprehensive debt restructuring.
„This confirmation is one of the final steps in Diebold Nixdorf’s restructuring, allowing the company to move forward and execute its plan. The company continues to anticipate completing the debt restructuring process during the third quarter after final conditions are met and Dutch legal processes and court proceedings are concluded.” according to the press release.
Octavio Marquez – Diebold Nixdorf chairman, president and chief executive officer, said: „This represents another significant milestone in our process to strengthen our balance sheet, enhance liquidity and position Diebold Nixdorf for long-term success. We are grateful for the momentum in this process, due in no small part to the collaboration and support from our consenting lenders. We are committed to emerging from our debt restructuring proceedings as a fundamentally stronger company, better positioned to serve our customers, employees and partners. I also want to express my gratitude to the entire DN team for their focus on continuing our solid performance and delivering best-in-class products and services to banks and retailers worldwide.„
Court filings and other relevant documents related to Diebold Nixdorf’s Chapter 11 and 15 court proceedings are available at https://cases.ra.kroll.com/DieboldNixdorf/ or by calling (833) 701-9076 (Toll-free) or (646) 440-4833 (International).
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Diebold Nixdorf, Incorporated automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide.
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