Presidio, Inc. Announces Pricing of Secondary Public Offering
November 16 2017 - 5:22PM
Presidio, Inc. (NASDAQ:PSDO) (“Presidio” or the “Company”), a
leading North American IT solutions provider delivering Digital
Infrastructure, Cloud and Security solutions to middle-market
customers, today announced the pricing of a secondary public
offering of 8,000,000 shares of the Company’s common stock by
certain funds affiliated with Apollo Global Management, LLC (the
“Selling Stockholder”) at a price to the public of $14.25 per
share. The underwriters will have a 30-day option to purchase
up to an additional 1,200,000 shares of common stock from the
Selling Stockholder. The Company is not selling any shares and will
not receive any proceeds from the offering.
The offering is expected to close on or about November 21, 2017,
subject to customary closing conditions.
J.P. Morgan and Citigroup acted as joint book-running managers
for the offering and representatives of the underwriters. RBC
Capital Markets also acted as a joint book-running manager for the
offering. Barclays, Credit Suisse, Goldman Sachs & Co. LLC,
Wells Fargo Securities, Evercore ISI and Deutsche Bank Securities
acted as book-running managers for the offering. Guggenheim
Securities, Apollo Global Securities and LionTree Advisors acted as
co-managers for the offering.
This offering is being made only by means of a prospectus. A
copy of the prospectus relating to the offering may be obtained
from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free:
(866) 803-9204, email: prospectus-eq_fi@jpmchase.com; and
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, telephone: (800) 831-9146.
A registration statement relating to these securities has been
filed with, and declared effective by, the U.S. Securities and
Exchange Commission. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
ABOUT PRESIDIO
Presidio is a leading North American IT solutions provider
focused on Digital Infrastructure, Cloud and Security solutions. We
deliver this technology expertise through a full life cycle model
of professional, managed, and support services including strategy,
consulting, implementation and design. By taking the time to deeply
understand how our clients define success, we help them harness
technology advances, simplify IT complexity and optimize their
environments today while enabling future applications, user
experiences, and revenue models. We serve approximately 7,000
middle-market, large, and government organizations across a diverse
range of industries. More than 2,700 Presidio professionals,
including more than 1,500 technical engineers, are based in 60+
offices across the United States in a unique, local delivery model
combined with the national scale of a $2.8 billion dollar industry
leader. We are passionate about driving results for our clients and
delivering the highest quality of service in the industry. Presidio
is controlled by funds affiliated with Apollo Global Management,
LLC (NYSE:APO).
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995
This press release contains “forward looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. The use of words such as “anticipates,” “expects,” “intends,”
“plans” and “believes,” among others, generally identify
forward-looking statements. These forward-looking statements
include statements relating to: the completion and timing of the
offering, future financial performance, business prospects and
strategy, anticipated trends, prospects in the industries in which
our businesses operate and other similar matters. These forward
looking statements are based on management’s current expectations
and assumptions about future events, which are inherently subject
to uncertainties, risks and changes in circumstances that are
difficult to predict. Actual results could differ materially from
those contained in these forward looking statements for a variety
of reasons, including, among others: risks and uncertainties
related to the capital markets, changes in senior management at
Presidio, changes in our relationship with our vendor partners,
adverse changes in economic conditions, risks resulting from a
decreased demand for Presidio’s information technology solutions,
risks relating to rapid technological change in Presidio’s industry
and risks relating to acquisitions or regulatory changes. Certain
of these and other risks and uncertainties are discussed in
Presidio’s filings with the Securities and Exchange Commission.
Other unknown or unpredictable factors that could also adversely
affect our business, financial condition and results of operations
may arise from time to time. In light of these risks and
uncertainties, these forward looking statements may not prove to be
accurate. Accordingly, you should not place undue reliance on these
forward looking statements, which only reflect the views of our
management as of the date of this press release. We do not
undertake to update these forward-looking statements.
Source: Presidio, Inc.
CONTACT INFORMATION
Investor Relations Contact:Ed
Yuen866-232-3762investors@presidio.com
Media Contact:Dori WhiteVice President of Corporate
Marketing212-324-4301doriwhite@presidio.com
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