Latham & Watkins Advises Initial Purchasers in Presidio’s US$125 Million Secured Notes Offering

Presidio, Inc., a leading North American IT solutions provider, has announced that its wholly-owned subsidiary, Presidio Holdings Inc., has priced an offering of US$125 million in aggregate principal amount of additional 4.875% senior secured notes due 2027 at an issue price of 104%, for an effective yield to maturity of 4.134%. The initial 4.875% senior secured notes due 2027 were issued in an aggregate principal amount of US$400 million on January 22, 2020.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York partners Stelios Saffos and Erika Weinberg, with New York associates Salvatore Vanchieri, Biagio Marino, Angel Marcial, and Victoria McGrath. Advice was also provided on collateral matters by New York partners Michèle Penzer and Abhay Lele, with associates Marcela Ruenes and Sarah Lohschelder.