Barclays Provides Financing for Siris’ Acquisition of PGi
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.
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