News

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.