Presidio, Inc. Announces Replacement of Revolving Credit Facility
PRESIDIO (PSDO)
Last presidio earnings: 5/8 04:05 pm
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US:NASDAQ Investor Relations:
presidio.com/investor-relations
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Source: GlobeNewswire
NEW YORK, March 29, 2019 (GLOBE NEWSWIRE) -- 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, announced today that it has successfully amended its senior credit facility to establish $50 million of new revolving facility commitments, having substantially the same terms as the $50 million of existing revolving facility commitments that such new commitments replaced, except with respect to interest rate and maturity. The interest rate applicable to the amended revolving facility was reduced to 2.75% from 4.25% in the case of LIBOR loans, and 1.75% from 3.25% in the case of base rate loans, and the amended revolving facility will mature on August 2, 2023, approximately 2.5 years later than the maturity date that was applicable to the revolving facility. All other mat
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