On May 9, 2017 (the “Incremental Effective Date”), Diebold Nixdorf, Incorporated (the “Company”) entered into an incremental amendment (the “Incremental Amendment”) to its Credit Agreement, dated as of November 23, 2015 (as amended, amended and restated, modified or supplemented from time to time, the “Credit Agreement”), among the Company, certain subsidiary borrowers party thereto, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

The Incremental Amendment (i) repriced and reduced the $795.0 million U.S. Dollar-denominated term B loans issued under the Credit Agreement to the Company (the “Original Dollar Term Loans”) through (a) repayment of $250.0 million thereof with the proceeds of loans drawn under its $250.0 million U.S. Dollar-denominated delayed draw term loan A facility (the “Delayed Draw Term A Loans”), (b) replacement of $70.0 million thereof with Repriced Euro Term Loans (as hereinafter defined) and (c) a refinancing of the remaining Original Dollar Term Loans with $475.0 million of new U.S. Dollar-denominated term B loans (the “Repriced Dollar Term Loans”) and (ii) repriced and increased the €348.0 million Euro-denominated term B loans issued under the Credit Agreement to the Company (the “Original Euro Term Loans”) through a refinancing thereof with €415.0 million of new Euro-denominated term B loans (the “Repriced Euro Term Loans”).

The interest rate with respect to (i) the Repriced Dollar Term Loans is based on, at the Company’s option, adjusted LIBOR plus 2.75% (with a floor of 0.00%) or ABR plus 1.75% (with an ABR floor of 1.00%), which is a decrease from the interest rate that was applicable to the Original Dollar Term Loans, which was based on, at the Company’s option, adjusted LIBOR plus 4.50% (with a floor of 0.75%) or ABR plus 3.50% (with an ABR floor of 1.75%), (ii) the Repriced Euro Term Loans is based on adjusted EURIBOR plus 3.00% (with a floor of 0.00%), which is a decrease from the interest rate that was applicable to the Original Euro Term Loans, which was based on adjusted EURIBOR plus 4.25% (with a floor of 0.75%) and (iii) the Delayed Draw Term A Loans is based on, at the Company’s option, adjusted LIBOR or ABR plus, in each case, a margin determined by reference to the Company’s total net leverage ratio (currently adjusted LIBOR plus 1.75% or ABR plus 0.75%). The maturity date for the Repriced Dollar Term Loans and the Repriced Euro Term Loans remains November 6, 2023 and the maturity date for the Delayed Draw Term A Loans remains December 23, 2020.

The Incremental Amendment also renewed the repricing premium of 1.00% in relation to the Term Loan B Facility to the date that is six (6) months after the Incremental Effective Date, removed the requirement to prepay the Repriced Dollar Term Loan and the Repriced Euro Term Loan upon any asset sale or casualty event if the Company is below a Total Net Leverage Ratio of 2.50:1.00 on a pro forma basis for such asset sale or casualty event and provides additional restricted payments and investment carveouts in regards to assets acquired with the Company’s acquisition of Wincor Nixdorf Aktiengesellschaft. All other material provisions under the Credit Agreement are unchanged.

Item 2.03. Creation of a Direct Financial Obligation.

The information set forth in Item 1.01 is incorporated herein by reference into this Item 2.03.

About Diebold Nixdorf, Incorporated (NYSE:DBD)

Diebold Nixdorf Inc., formerly Diebold, Incorporated., is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software. It also offers functionality terminals supporting mobile card-less transactions and two-way video technology to support bank branch automation. It provides physical and electronic security systems, as well as provides total security systems solutions to financial, commercial, retail and other markets. The Company sells and services FSS and security systems around the globe, as well as elections, lottery and information technology solutions, through subsidiaries, joint ventures and independent distributors.

Diebold Nixdorf, Incorporated (NYSE:DBD) Recent Trading Information

Diebold Nixdorf, Incorporated (NYSE:DBD) closed its last trading session down -0.15 at 28.55 with 642,629 shares trading hands.