New York, December 17, 2015 -- Moody's Investors Service ("Moody's") has assigned a Ba3 first-time Corporate Family Rating (CFR) and a Ba3-PD Probability of Default Rating (PDR) to Diebold, Inc. (Diebold). Moody's also assigned a Ba2 (LGD3) rating to the company's first lien senior secured credit facilities, consisting of a $520 million revolving credit facility and $480 million in term loans. As part of the rating action, Moody's assigned an SGL-1 rating indicating very good liquidity. The term loan borrowings and cash on hand, in conjunction with an additional $1.3 billion of secured debt, $500 million of unsecured debt to be raised in the near future and $430 million from equity issuance to Wincor shareholders will be used to fund the roughly $1.8 billion business combination with Wincor Nixdorf AG (Wincor) and to refinance existing debt at both companies. The rating outlook is stable.

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