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Paytech titan Diebold Nixdorf set to file for Chapter 11 bankruptcy protection

June 1, 2023

The Hudson, Ohio-based firm says the restructuring support agreement is expected to “significantly” reduce debt and provide “substantial additional liquidity” to support the firm’s operations.

Diebold Nixdorf chair, president and CEO Octavio Marquez says: “With the support of our creditors, we have reached an agreement to restructure and strengthen our balance sheet, enhance liquidity and position Diebold Nixdorf for long-term success.

“Our strengthened financial position also enables us to better serve our customers, employees, suppliers and partners.”

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