Schoenherr and Norton Rose Fulbright, working with Davis Polk & Wardwell and Ashurst, have advised JP Morgan Chase and other financing parties on the refinancing of Diebold Nixdorf debt and the provision of USD 400 million in new capital. Sullivan & Cromwell and K2Legal Korbonski i Partnerzy reportedly advised the borrower.
"The group was provided with USD 400 million in new capital and certain debt with near-term maturities was refinanced," Schoenherr informed. "The transaction included the completion of the exchange offer and consent solicitation with respect to its outstanding 8.5% senior notes due 2024 and the completion of the exchange offers and consent solicitations with respect to its outstanding 9.375% senior secured notes due 2025 [as well as for] Diebold Nixdorf Dutch Holding B.V.'s 9% senior secured notes due 2025."
Diebold Nixdorf specializes in automating and digitizing online shopping. The company has a presence in more than 100 countries with approximately 22,000 employees worldwide.
The Schoenherr team was led by Partner Pawel Halwa and Attorney-at-Law Weronika Kapica and included Attorney-at-Law Hanna Kosinska and Associate Aleksandra Golawska.
The Norton Rose Fulbright team included Counsel Marta Kawecka, Senior Associate Krzysztof Gorzelak, and Associates Patryk Gelar and Michal Rutkowski.