Ashurst advised a group of finance parties on the refinancing of certain debt and on the provision of USD 400 million in new capital for Diebold Nixdorf, Incorporated (NYSE: DBD). These transactions include the completion of Diebold Nixdorf's previously announced exchange offer and consent solicitation with respect to its outstanding 8.50% Senior Notes due 2024 and the completion of its previously announced exchange offers and consent solicitations with respect to its outstanding 9.375% Senior Secured Notes due 2025 and Diebold Nixdorf Dutch Holding B.V.'s 9.000% Senior Secured Notes due 2025. The international team of Ashurst advised with respect to the European and UK legal aspects of the transactions.
Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 22,000 employees worldwide.
The Ashurst core team was co-led by partners Anne Grewlich (Frankfurt) and Dr Karsten Raupach (Munich). They were assisted by associates Sascha Lotholz (Frankfurt), Maxime Nuyts (Brussels) and senior transaction lawyer Petra Schott (Frankfurt) (all Global Loans).
In addition to Frankfurt and Munich, Ashurst offices in Brussels, London, Madrid, Milan and Paris were involved and the broader team consisted of partner Dr Anders Kraft and counsel Dr Susanne Knoch (both Frankfurt, Tax), partner Arnaud Wtterwulghe, senior associate Bram Delmotte and associate Maxime Nuyts (all Brussels, Global Loans), partner Mark Edwards, associate Daniel Smith, trainee Abu-Bakr Samad (all London, Global Loans) and partner Jacques McChesney (London, High Yield Debt), partner Irian Martínez, counsel Borja Vázquez, associate Juan Aznar (all Madrid, Global Loans), expertise counsel Beatriz Satrústegui (Madrid, Corporate Transactions) and counsel Jorge Ramirez (Madrid, Tax), partner Mario Lisanti, counsel Luca Maria Chieffo, associates Beatrice Melito and Davide Cipolletta and trainee Aurora Pignalosa (all Milan, Global Loans), partner Pierre Roux, associates Arnaud Conquis and Mickaël Bavier and paralegal Delphine Richard (all Paris, Global Loans) and senior associate Solène Guyon (Paris, Tax).
Ashurst was supported in Dutch, Polish, Swedish and Suisse law matters by Stibbe in Amsterdam/London (partner Rein van Helden, senior associate Barbra Bulsing, senior associate Niek Groenendijk and associate Ellen Vintges (all Finance)), Schoenherr in Warsaw (partner Paweł Halwa and attorney Paula Weronika Kapica (both Finance)), Schjødt in Stockholm (partner Eric Halvarsson and associates Charles He and Michelle Soto (all Finance)) and Advestra in Zurich (partner Dr Alexander von Jeinsen and associate Anna Capaul (both Finance)).
Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.
