Diebold Renews $500M Credit Facility

On June 30, 2011, Diebold, Incorporated 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.