Hardware

Diebold Nixdorf in discussions with secured lenders

Image provided by Diebold Nixdorf Inc.

May 18, 2023

Diebold Nixdorf Inc. has entered into confidential discussions with some of its secured lenders regarding its cash needs as the company seeks to avoid a liquidity crunch, according to a Bloomberg Law report, citing individuals with knowledge of the situation.

Certain lenders have discussed new financing for the company, according to persons who requested anonymity. According to a regulatory filing, the company in March mentioned doubts exist regarding its ability to continue.

"As we said when we issued our first quarter financial release on May 3, our results reflect consistently strong market demand for our solutions, as well as positive outcomes from the operational improvements we've implemented over the past several months," Mike Jacobsen, senior director of corporate communications, said in an email to this website. "At the same time, our liquidity needs and capital structure remain an area of intense focus for us, as we work to deleverage the balance sheet and continue to normalize vendor relationships to deliver for our customers. We continue to have collaborative discussions with our banking and lending partners to address these areas and we will provide more detail on these discussions as we progress further."