Presidio, Inc. Announces Secondary Common Stock Offering
September 17 2018 - 4:05PM
Presidio, Inc. (NASDAQ:PSDO) (together with its subsidiaries,
“Presidio” or the “Company”), a leading North American IT solutions
provider delivering Digital Infrastructure, Cloud and Security
solutions to create agile, secure infrastructure platforms for
middle-market customers, today announced that AP VIII Aegis
Holdings, L.P. (“Aegis LP”), an affiliate of investment funds
managed by affiliates of Apollo Global Management, LLC (NYSE: APO)
intends to offer for sale in an underwritten secondary offering
(the “offering”) 3,000,000 shares of the Company’s common stock
pursuant to the shelf registration statement (File No. 333-224462)
filed by the Company with the Securities and Exchange Commission
(the “SEC”) on April 26, 2018.
Upon completion of the proposed offering, Aegis LP will own
44,050,000 shares of the Company’s common stock. The Company is not
selling any shares and will not receive any proceeds from the
proposed offering.
Citigroup is acting as the sole underwriter for the proposed
offering. The closing share price of the Company’s common stock on
September 14, 2018 was $16.84. The Company filed a shelf
registration statement (including a prospectus) with the SEC on
April 26, 2018 for the offering, which became effective on May 2,
2018. Before making any investment decision, you should read the
prospectus in that registration statement and other documents the
Company has filed with the SEC for more complete information about
the Company and this proposed offering.
The Company intends to file a further prospectus supplement with
respect to this proposed offering. You may obtain these documents
for free by visiting EDGAR on the SEC Web site at: www.sec.gov.
Copies of the Presidio prospectus supplement and accompanying
prospectus relating to the proposed offering, when available, also
may be obtained by writing or telephoning us at:
Presidio, Inc. One Penn Plaza,
Suite 2832 New York, New York 10119 (212) 652-5700 Attention:
Investor Relations
Citigroup Global Markets Inc. will arrange to send you the
prospectus supplement, when available, and the accompanying
prospectus relating to the proposed offering if you request them by
contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other 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 other jurisdiction. The proposed offering of these shares
of common stock is being made only by means of a prospectus
supplement and a related prospectus.
ABOUT PRESIDIO
Presidio is a leading North American IT solutions provider
focused on Digital Infrastructure, Cloud and Security solutions to
create agile, secure infrastructure platforms for middle-market
customers. 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. As of
June 30, 2018, we serve approximately 8,000 middle-market, large,
and government organizations across a diverse range of industries.
Approximately 2,900 Presidio professionals, including more than
1,600 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 majority
owned by affiliates of investment funds managed by affiliates
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,”
“in-tends,” “plans” and “believes,” among others, generally
identify forward-looking statements. These forward-looking
statements include statements relating to: 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 relating to the proposed
offering and the closing of the proposed offering, 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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