Diebold's Having a Rough August. Here's Why It May Get Worse

ATM manufacturer drawing on revolver to pay for redemption
Bonds sink as earnings miss, co. seeks credit terms amendment

Group of Latin American people withdrawing cash at an ATM
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By Molly Smith

August 7, 2018 at 4:21 PM UTC

Updated on

August 7, 2018 at 5:13 PM UTC

This article is for subscribers only.

If only Diebold Nixdorf Inc. could draw on the ATMs it manufactures to stave off what some analysts see as a potential liquidity crisis.

The company has to buy $160 million worth of shares of the company formerly known as Wincor Nixdorf AG, the German rival that Diebold bought most of in a 2016 takeover. North Canton, Ohio-based Diebold said in a filing Monday that it was using cash and tapping its revolving credit line to buy back the shares, sending its bonds to record lows.