HUDSON,
Ohio, Aug. 11, 2023 /PRNewswire/ -- Diebold Nixdorf (NYSE:DBD) today confirmed that
it has completed its financial restructuring and has emerged from
the related Chapter 11 and Dutch proceedings as anticipated per the
company's previous announcement on Aug.
9. We expect that new shares in the emerged company will
begin trading on the New York Stock Exchange (NYSE) under the
symbol "DBD" on Monday, Aug. 14.
Octavio Marquez, Diebold Nixdorf chairman, president and chief
executive officer, said: "This is a landmark day for
Diebold Nixdorf and begins a new
chapter as we have successfully completed our debt restructuring
and emerge as a financially stronger company. Now, we are
well-positioned to drive solid performance with an optimized
balance sheet, more liquidity and less debt – creating the
foundation needed for long-term success. We thank our banking and
lending partners for their support through the process. We are very
excited about what we will be able to accomplish moving forward, as
we deliver best-in-class solutions to our customers and create
value for our stakeholders, focused on positioning Diebold Nixdorf for success with continued
investments in our people and products."
Company hosting investor call Monday,
Aug. 14
As previously announced, Mr. Marquez and
Jim Barna, executive vice president
and chief financial officer, will share more information during a
conference call with investors Monday, Aug.
14 at 8:00 a.m. ET. The call /
webcast and supporting materials will be available at
https://investors.dieboldnixdorf.com/news-and-events/events-and-presentations/default.aspx.
A replay of the webcast can be accessed on the website for up to
three months after the call.
Diebold Nixdorf's common stock
that was outstanding prior to the restructuring process was
canceled upon the company's emergence from the Chapter 11
restructuring process today, and holders thereof will not receive
any recovery. In connection with that cancellation, such common
stock will be delisted from the Frankfurt Stock Exchange.
About Diebold
Nixdorf
Diebold
Nixdorf, Incorporated (NYSE:DBD) 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, our 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 21,000 employees worldwide.
Visit www.DieboldNixdorf.com for more information.
X: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
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SOURCE Diebold Nixdorf,
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