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Diebold Nixdorf establishes post-bankruptcy reorganization plan

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July 14, 2023

The U.S. Bankruptcy Court in the Southern District of Texas has confirmed Diebold Nixdorf's reorganization plan of debt restructuring process, following its declaration of Chapter 11 bankruptcy protection in May.

The company expects to complete the restructuring process in the third quarter of 2023, according to a press release.

"This represents another significant milestone in our process to strengthen our balance sheet, enhance liquidity and position Diebold Nixdorf for long-term success," Octavio Marquez, chairman, president and CEO, Diebold Nixdorf, said in the release. "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."