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

New York deal team represented the initial purchasers in the offering by the North American IT solutions provider.

November 20, 2020

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.

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.