Why Diebold Nixdorf (DBD) Shares Are Trading Higher Premarket Today? - Diebold Nixdorf (NYSE:DBD)

Diebold Nixdorf Inc 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.

Why Diebold Nixdorf Shares Are Trading Higher Premarket Today