Diebold Inc. completes allocation and pricing of its Term Loan B facility

Diebold Inc. announced the pricing and allocation of its previously disclosed $1bn Term Loan B facility. Proceeds from the issuance would be utilized towards financing its previously announced acquisition of Wincor Nixdorf Aktiengesellschaft and to repay debt.

The U.S. dollar-denominated tranche of the loan will bear interest at Libor plus an applicable margin of 4.50% (or, at Diebold’s option, prime plus an applicable margin of 3.50%), and the €350m tranche will bear an interest of Euribor plus an applicable margin of 4.25%.

Source: StreetInsider

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