By Nick Best
After Diebold Nixdorf (DN) announced an unexpected second quarter loss on August 1st 2018, the company began the process of developing a new financing agreement to ensure it will have ample liquidity to fund its strategic initiatives and continue to provide the industry with essential solutions. This process led to unsubstantiated media reports that the company was seeking a potential sale.
From a liquidity standpoint, late last week DN announced that it has secured a $650 million term loan. This will allow the company to implement its “DN Now” strategy to regain a stronger financial position, while providing the flexibility needed to continue investing in innovation. You can learn more about this agreement at http://news.dieboldnixdorf.com/press-releases.
The “DN Now” operational improvement plan is focused on a number of fronts, including: