We advised a group of lenders on the transaction

Davis Polk advised a group of lenders to Diebold Nixdorf, Incorporated in connection with an amendment to its asset-based credit agreement providing for a new $55 million first-in-last-out financing tranche. The amendment also provided for a temporary waiver relating to Diebold’s borrowing base under the asset-based credit facility and certain reporting requirements.

Diebold 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, its 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 22,000 employees worldwide.

The Davis Polk restructuring team included partners Damian S. Schaible and Adam L. Shpeen, counsel Christian Fischer and Robert (Bodie) Stewart and associates Dylan A. Consla, Amber Leary and Mariya Dekhtyar. The finance team included associates Jason Palios and Bryan Mendiola. All members of the Davis Polk team are based in the New York office.

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