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Barclays Provides Financing for Siris’ Acquisition of PGi

December 08, 2015

NEW YORK – Paul Hastings LLP, a leading global law firm, represented Barclays Bank PLC, SunTrust Robinson Humphrey, Inc. and Macquarie Capital (USA) Inc., as joint lead arrangers and joint bookrunners under a credit agreement in connection with Siris Capital Group, LLC ("Siris")’s acquisition of Premiere Global Services, Inc. ("PGi") (NYSE: PGI), the world's largest dedicated provider of collaboration software and services, a transaction valued at approximately $1 billion.

Siris secured committed debt financing from Barclays Bank PLC, SunTrust Bank and MIHI LLC, which consisted of a $550 million term loan credit facility and a $50 million revolving credit facility.

The Paul Hastings team was led by John Cobb, and included of counsel Benjamin Cheng and associates Julie Park and Matthew Bartlett.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.