Presidio, Inc. Announces Closing of Secondary Public Offering
22 November 2017 - 8:01AM
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 closing of its previously announced
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. In addition, the underwriters
purchased an additional 1,200,000 shares of common stock from the
Selling Stockholder. The Company did not sell any shares and did
not receive any proceeds from the offering.
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,”
“in-tends,” “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 techno-logical 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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