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Diebold Nixdorf, Incorporated (NYSE: DBD) is a global leader in connected commerce, offering comprehensive software, services, and hardware for both the financial and retail sectors. Headquartered in North Canton, Ohio, the company employs around 21,000 people and operates in over 100 countries. Diebold Nixdorf specializes in automating, digitizing, and transforming the way people bank and shop. The company’s integrated solutions connect digital and physical channels in a secure, efficient manner, serving millions of consumers daily.
For the financial industry, Diebold Nixdorf provides solutions that range from multi-vendor software and security services to advanced cash management systems. The company partners with a majority of the world's top 100 financial institutions, which rely on Diebold Nixdorf's expertise to enhance customer experiences through seamless integration of digital and physical touchpoints.
In the retail sector, Diebold Nixdorf focuses on improving the checkout process through innovative self-service solutions. Their latest project at Stuttgart Airport, Germany, involves the implementation of AI-based age verification technology at self-service checkouts, speeding up transactions and enhancing customer satisfaction.
Diebold Nixdorf is also committed to providing cutting-edge technology for payment processing. Partnering with Bankart in Slovenia, the company is helping to modernize payment capabilities across multiple countries through its Vynamic® Transaction Middleware. This low-code, API-driven technology serves as a robust, scalable platform for both traditional and emerging payment types.
Financially, Diebold Nixdorf continues to demonstrate resilience and growth. The company recently announced its inclusion in the Russell 3000® Index, reflecting its solid market capitalization and broad investor interest. Diebold Nixdorf has also made strategic executive appointments, such as Thomas Timko as EVP and CFO, to further strengthen its financial strategies and global operations.
For more information, visit www.dieboldnixdorf.com, and follow Diebold Nixdorf on social media platforms including LinkedIn, X (formerly Twitter), Facebook, and YouTube.
Diebold Nixdorf (NYSE: DBD) announced that CEO Octavio Marquez will speak at the DA Davidson FinTech and Payments Spotlight Conference on December 8, 2022, at 11:00 a.m. ET. Marquez will discuss the company's strategic initiatives aimed at transforming its business model and enhancing product offerings to meet market needs. A live-audio webcast of the session will be available on the company's website for those interested.
Diebold Nixdorf, Incorporated (NYSE: DBD) announced private exchange offers for its 9.375% USD and 9.000% EUR Senior Secured Notes due 2025. Eligible Holders can exchange their existing notes for new notes with similar terms and enhanced provisions. The offers will expire on December 23, 2022. Holders will receive $1,030 or €1,030 for every $1,000/€1,000 in principal of existing notes tendered. The company is also soliciting consents to amend indentures related to these notes. Over 90% of existing note holders have agreed to participate in the refinancing transactions.
Diebold Nixdorf announced a private exchange offer for its outstanding 8.50% Senior Notes due 2024, aiming to exchange them for new Senior Secured PIK Toggle Notes due 2026 and warrants to purchase common shares. The exchange offer will expire on December 23, 2022, and requires consent to amend the indenture governing the existing notes. Eligible holders can participate until an early delivery deadline on December 9, 2022. This move is part of a broader plan to address near-term debt maturities.
Diebold Nixdorf has announced an amendment to its Transaction Support Agreement (TSA) affecting its senior notes due 2024. The amendment lowers the consent solicitation participation threshold from 95% to 83.4%. Additionally, all eligible participants will receive transaction premiums initially reserved for TSA signatories. The company also aims to conduct a registered exchange offer for non-participating holders by June 30, 2023. Factors affecting the company's prospects include supply chain complexities, ability to convert backlog into sales, and the ongoing impact of COVID-19.
Diebold Nixdorf (NYSE: DBD) has appointed Elizabeth C. (Lisa) Radigan as the new executive vice president and chief people officer, succeeding Beth Patrick, who has left the company. Radigan, who has been with Diebold Nixdorf since 2014 as the chief ethics and compliance officer, will lead global employee initiatives, promoting engagement and support for the workforce. CEO Octavio Marquez praised her leadership skills and a people-first approach, indicating her potential to enhance talent management and company culture.
Diebold Nixdorf (NYSE: DBD) has entered a strategic multi-year contract with Alhamrani Universal, Saudi Arabia's largest fintech provider, to enhance ATM and kiosk performance. This partnership will leverage Diebold Nixdorf's advanced technologies, including the DN AllConnect Data Engine, to ensure ATM availability and optimize operational efficiencies. The initiative aligns with Saudi Arabia's Vision 2030 and aims to deliver innovative banking solutions, enhancing customer experience and reducing costs over the next three years.
Diebold Nixdorf (NYSE: DBD) announced its third quarter financial results for 2022, revealing key metrics impacting investor sentiment. The company continues to automate and digitize banking and shopping experiences for consumers globally, serving major financial institutions and retailers. Detailed results can be accessed via their Investor Relations page.
Diebold Nixdorf (NYSE: DBD) will announce its third quarter financial results for 2022 on November 8 before NYSE trading begins. CEO Octavio Marquez and CFO Jeffrey Rutherford will host a conference call at 8:30 a.m. ET to discuss the results. A press release summarizing the business and financial highlights will be available prior to the call on Diebold Nixdorf's website. Interested parties are encouraged to pre-register for the call to receive a unique PIN. Details for accessing the call are provided in the announcement.
Diebold Nixdorf (NYSE: DBD) has partnered with Featurespace to enhance its Vynamic® Payments platform with advanced fraud prevention technology. This integration will allow financial institutions to benefit from real-time fraud detection while managing a single vendor relationship. Featurespace's ARIC™ Risk Hub, utilizing machine learning, aims to reduce false positives and improve fraud catch rates. The partnership aims to streamline the payment modernization process for banks, enhancing transaction security for customers.
Diebold Nixdorf (NYSE: DBD) has entered a Transaction Support Agreement (TSA) with holders of over 78.8% of its term loans, facilitating the refinancing of near-term debt maturities and securing $400 million in new capital. The TSA aims for completion by December 31, 2022, bolstering liquidity and extending debt maturities. The company anticipates a backlog of approximately $1.3 billion by year-end 2022, ensuring 80% coverage of 2023 product revenue. The updated operating forecast shows FY2022 revenue projected at ~$3.50 billion, alongside strategic models projecting revenue increases in FY2023 and FY2024.
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