Diebold obtains $3.1 billion financing to finance tender offer and refinance existing facilities

Client(s) Diebold, Incorporated

Jones Day represented Diebold, Incorporated, a global provider of innovative self-service technology, security systems, and related services, in connection with a $3.1 billion bank financing. Approximately $2.3 billion of the financing ($1.841 billion in springing security delayed draw term loans and a $500 million unsecured bridge facility) is earmarked to finance Diebold's tender offer under the German Takeover Act for the outstanding shares of Wincor Nixdorf Aktiengesellschaft, a German public stock corporation. The transaction documents additionally include mechanics to, upon receipt of requisite lender consents, roll over and secure Diebold's existing unsecured $520 million revolving and $230 million term loan credit facilities or, absent such consent, refinance the same on newly negotiated terms.