• Diebold Nixdorf Inc (NYSE: DBD) shares gained over 22% in premarket trading on March 22 after it confirmed closing on $55 million additional liquidity.

• On March 21, Diebold Nixdorf amended its asset-based credit facility (ABL) to add a new $55 million first-in-last-out term loan (FILO) tranche.

• Additionally, Diebold Nixdorf's ABL lenders have agreed to certain other modifications and waivers to the ABL facility, allowing them to continue working together to develop an updated borrowing framework.

• The existing $250 million non-FILO ABL tranche commitments remain in place.

• Diebold Nixdorf recently reported $3.46 billion in revenue in 2022 and entered 2023 with a backlog of approximately $1.47 billion – demonstrating strong demand for its Banking and Retail solutions, specifically ATMs and ATMs self-checkout (SCO) products.

• ATM and SCO shipments will likely increase in the first half of 2023 by approximately 14% Y/Y and 51% Y/Y.

• It expects a 2023 Q1 revenue of approximately $835 million, up by 6% Y/Y.

• Price Action: DBD shares traded higher by 23.5% at $0.98 premarket on the last check Wednesday.

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This article Why Diebold Nixdorf Shares Are Trading Higher Premarket Today originally appeared on Benzinga.com

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