Diebold Renews $500 Million Credit Facility

NORTH CANTON, Ohio, July 6, 2011 /PRNewswire/ -- On June 30, 2011, Diebold, Incorporated (NYSE: DBD) entered into a $500 million credit facility agreement with certain credit relationship banks.  This facility replaces a previous facility of approximately the same amount which was scheduled to expire in October 2012.  The renewal improves existing covenants and includes an all-in reduction in borrowing cost of 150 basis points, which represents an annual savings of approximately $5 million at current debt levels.  The unsecured credit facility is for a term of five years and expires in June 2016.

(Logo: http://photos.prnewswire.com/prnh/20080725/DIEBOLDLOGO )

"We are pleased to renew this credit facility agreement, and we believe this exemplifies the commitment and strong relationships we have with our creditors and the confidence they have in Diebold," said Bradley C. Richardson, executive vice president and chief financial officer, Diebold.

More detail on Diebold's credit facility can be found in an SEC document filed by the company today on Form 8-K.  

About Diebold

Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 16,000 associates with representation in nearly 90 countries worldwide and is headquartered in the Canton, Ohio region, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's website at www.diebold.com.

SOURCE Diebold, Incorporated