Diebold Raises $300 Million

It places debt with institutional investors.
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Diebold

(DBD) - Get Report

, a provider of automated teller machines, voting and security systems, said it raised $300 million in placing debt with institutional investors.

The financing is through senior notes with seven year, 10 year and 12 year maturities and has an effective weighted-average interest rate of 5.36%.

The fixed-rate financing will allow Diebold to take advantage of attractive long-term interest rates and will provide funding flexibility for potential acquisitions, share repurchases and other opportunities, it said.

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