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Diebold Raises $300 Million

It places debt with institutional investors.


(DBD) - Get Diebold Nixdorf Incorporated 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%.

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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.

This story was created through a joint venture between and IRIS.