CUSIP No: 253651202
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SCHEDULE 13D
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Page 2 of 7 pages
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1
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NAMES OF REPORTING PERSONS
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Beach Point Capital Management LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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3,340,903
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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3,340,903
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,340,903
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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8.9% (1)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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1. |
This percentage is based on a total of 37,566,668 shares of New Common Stock (as defined herein) outstanding as of August 11, 2023, as reported in the Issuer’s Current Report on Form 8-K filed on August 11,
2023.
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CUSIP No: 253651202
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SCHEDULE 13D
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Page 3 of 7 pages
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1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Beach Point GP LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
AF
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
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||
Delaware
|
|
|
|||
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|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
3,340,903
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
3,340,903
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
3,340,903
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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8.9% (1)
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|||
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||||
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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HC
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1. |
This percentage is based on a total of 37,566,668 shares of New Common Stock outstanding as of August 11, 2023, as reported in the Issuer’s Current Report on Form 8-K filed on August 11, 2023.
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CUSIP No: 253651202
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SCHEDULE 13D
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Page 4 of 7 pages
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Item 1. |
Security and Issuer
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Item 2. |
Identity and Background
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i. |
Beach Point Capital Management LP, a Delaware limited partnership (“Beach Point Capital”), and
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ii. |
Beach Point GP LLC, a Delaware limited liability company (“Beach Point GP”).
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Item 3. |
Source and Amount of Funds or Other Consideration
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Item 4. |
Purpose of Transaction
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CUSIP No: 253651202
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SCHEDULE 13D
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Page 5 of 7 pages
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Item 5. |
Interest in Securities of the Issuer
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Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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Item 7. |
Material to be Filed as Exhibits
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Exhibit 1
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Joint Filing Agreement, dated as of August 18, 2023, by and among the Reporting Persons.
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Exhibit 2
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Registration Rights Agreement, dated as of August 11, 2023, among Diebold Nixdorf, Incorporated and the stockholders party thereto (incorporated by reference to Exhibit 10.2 to the Issuer’s Current Report on
Form 8-K filed on August 11, 2023).
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CUSIP No: 253651202
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SCHEDULE 13D
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Page 6 of 7 pages
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Beach Point Capital Management LP
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By: |
/s/ Lawrence M. Goldman
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Name: |
Lawrence M. Goldman
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Title: |
Chief Administrative Officer and General Counsel
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Beach Point GP LLC
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By: |
/s/ Lawrence M. Goldman
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Name: |
Lawrence M. Goldman
|
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Title: |
Chief Administrative Officer and General Counsel
|
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August 18, 2023
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CUSIP No: 253651202
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SCHEDULE 13D
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Page 7 of 7 pages
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Beach Point Capital Management LP
|
||
By: |
/s/ Lawrence M. Goldman
|
Name: |
Lawrence M. Goldman
|
|
Title: |
Chief Administrative Officer and General Counsel
|
Beach Point GP LLC
|
||
By: |
/s/ Lawrence M. Goldman
|
Name: |
Lawrence M. Goldman
|
|
Title: |
Chief Administrative Officer and General Counsel
|
|
August 18, 2023
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