Presidio, Inc. Announces Closing of Secondary Common Stock Offering
March 15 2019 - 4:30PM
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 its
customers, today announced the closing of its previously announced
secondary public offering of 5,000,000 shares of the Company’s
common stock by certain of its stockholders, including AP VIII
Aegis Holdings, L.P., an affiliate of investment funds managed by
affiliates of Apollo Global Management, LLC (NYSE: APO), at a price
to the public of $15.25 per share. The Company did not sell any
shares and did not receive any proceeds from the offering.
Morgan Stanley acted as the sole underwriter for the
offering. The offering was made only by means of a prospectus
supplement and accompanying prospectus. The Company filed a
shelf registration statement (including a prospectus) relating to
these securities with the Securities and Exchange Commission (the
“SEC”) on April 26, 2018, which became effective on May 2, 2018,
and filed a prospectus supplement with the SEC on March 12, 2019
with respect to the offering. You may obtain these documents
for free by visiting the SEC website at: www.sec.gov. Copies
of the prospectus supplement and accompanying prospectus relating
to the offering also may be obtained by writing or telephoning us
at:
Presidio, Inc.One Penn Plaza,
Suite 2832New York, New York 10119(212) 652-5700Attention: Investor
Relations
Alternatively, copies of the prospectus supplement and the
accompanying prospectus relating to the offering may be obtained
from Morgan Stanley & Co LLC, Attn: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014.
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.
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 its 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.
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: 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, risks relating to the inability to realize the
full amount of our backlog 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
Presidio (NASDAQ:PSDO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Presidio (NASDAQ:PSDO)
Historical Stock Chart
From Apr 2023 to Apr 2024