Genesys readies Tuesday launch for $600 million credit facility

By Sara Rosenberg

New York, Jan. 5 - Genesys has scheduled a bank meeting for 10 a.m. ET on Tuesday to launch a proposed $600 million credit facility, according to market sources.

Goldman Sachs & Co., Citigroup Global Markets Inc., RBC Capital Markets LLC and Macquarie Capital are leading the deal.

The facility consists of a $50 million five-year revolver and a $550 million seven-year term loan B, sources said.

Proceeds will be used to help fund the buyout of the company by Permira from Alcatel-Lucent for around $1.5 billion.

Other funds for the transaction will come from roughly $225 million of mezzanine debt and over 50% equity.

Senior leverage is in the mid 3.0 times area and total leverage is in the low 5.0 times area.

Closing is expected early this year, subject to review by the Committee of Foreign Investment in the United States and other customary regulatory approvals and consultations in various countries.

Genesys is a Daly City, Calif.-based supplier of contact center technology software.

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