Genesys Telecommunications Laboratories starts roadshow for $700 million eight-year notes

By Paul A. Harris

Portland, Ore., Nov. 14 – Genesys Telecommunications Laboratories, Inc. began a roadshow on Monday in New York and New Jersey for a $700 million offering of eight-year senior notes (Caa2), according to market sources.

Initial guidance has the deal coming with a yield in the low 9% area, a source said.

The roadshow continues in New York on Tuesday. A New York investor group lunch and conference call are set to get underway at noon ET on Tuesday.

The roadshow moves to Boston on Wednesday, to Los Angeles on Thursday and to San Francisco on Friday, and the Rule 144A and Regulation S for life offering is set to price thereafter.

Goldman Sachs & Co. is the left bookrunner. BofA Merrill Lynch, Citigroup Global Markets Inc. and RBC Capital Markets are the joint bookrunners.

The notes come with three years of call protection.

Proceeds, together with proceeds from a new credit facility, will be used to fund the acquisition of Interactive Intelligence Group, Inc., as well as for general corporate purposes, including debt repayment.

Genesys is a San Francisco-based provider of omnichannel customer experience and contact center solutions. Interactive Intelligence is an Indianapolis-based provider of cloud and on-premise solutions for customer engagement, communications and collaboration.

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