Diebold agrees with banks on credit line
Diebold agrees with banks on $400 million, 75 million euro credit facility
- On 3:39 pm EDT, Friday October 23, 2009
NORTH CANTON, Ohio (AP) -- ATM maker Diebold Inc. said Friday it struck an agreement with certain unspecified banks for a $400 million and 75 million euro ($112.5 million) credit facility.
The company said the new facility will replace a facility for about the same amount that was scheduled to expire in April 2010. The new arrangement, based on an agreement reached Monday, maintains existing covenants and is unsecured.
The new credit facility has a three-year term and expires in October 2012.
Diebold shares slid 4 cents to $31.18 in afternoon trading.
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