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Schoenherr and Norton Rose Fulbright Advise on Diebold Nixdorf Refinancing

Schoenherr and Norton Rose Fulbright Advise on Diebold Nixdorf Refinancing

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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.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu