E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item
Published on 12/4/2017 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Presidio expects to redeem $125 million of 10¼% senior notes via loan

By Tali Rackner

Minneapolis, Dec. 4 – Presidio Inc. plans to redeem its $125 million of 10¼% senior notes due 2023 using the proceeds from a planned $741.6 million senior secured covenant-light term loan B, according to a market source.

Proceeds will also be used to amend and extend by two years an existing term loan B due 2022.

Presidio is a New York-based IT infrastructure solutions provider.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.