Genesys to launch $2.25 billion credit facility during Nov. 7 week

By Sara Rosenberg

New York, Nov. 4 – Genesys scheduled a bank meeting at 1:30 p.m. ET in New York on Monday and a bank meeting at 11 a.m. GMT in London on Tuesday to launch a $2.25 billion equivalent credit facility, according to a market source.

Bank of America Merrill Lynch, Goldman Sachs Bank USA, Citigroup Global Markets Inc. and RBC Capital Markets LLC are the bookrunners on the debt.

The facility consists of a $150 million five-year revolver, a $1.55 billion seven-year covenant-light term loan B and a $550 million equivalent seven-year covenant-light euro term loan B, the source said.

Proceeds will be used to help fund the acquisition of Interactive Intelligence Group Inc. for $60.50 per share in cash and refinance existing debt. The transaction is valued at about $1.4 billion.

Closing is expected by the end of the year, subject to customary conditions, including regulatory approval and approval by Interactive Intelligence shareholders. The transaction is not contingent on financing.

Genesys is a Daly City, Calif.-based provider of omnichannel customer experience and contact center solutions. Interactive Intelligence is an Indianapolis-based provider of cloud and on-premise solutions for customer engagement, communications and collaboration.

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