Presidio telegraphs $500 million secured debt offering

By Abigail W. Adams

Portland, Me., April 29 – Presidio Inc. announced plans to price a $500 million secured debt offering as part of a financing package for Clayton Dubilier & Rice LLC’s acquisition of a majority stake in the company from BC Partners LLP, according to a market source.

The proposed secured notes offering was announced as Presidio readies the launch of a $2.103 billion seven-year first-lien term loan B (B2/B) with a lender call on Tuesday.

JPMorgan Chase Bank, Citigroup Global Markets Inc., BNP Paribas Securities Corp., Deutsche Bank Securities Inc., RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities LLC, Goldman Sachs Bank USA, Santander Bank, Credit Agricole, MUFG, Natixis, PNC Bank, SMBC, Regions Bank, Bank of Nova Scotia, Societe Generale, SPCFC, TD Securities (USA) LLC and Truist Securities are leading the term loan.

Presidio is a New York-based technology services and solutions provider.

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