Genesys readies launch of $300 million term loan for Tuesday

By Sara Rosenberg

New York, Oct. 18 - Genesys Telecommunications Laboratories Inc. set a call for 11 a.m. ET on Tuesday to launch a $300 million term loan, according to a market source.

Of the total term loan amount, $100 million will be funded and $200 million will be delayed-draw, the source said.

J.P. Morgan Securities LLC and Goldman Sachs Bank USA are the lead banks on the deal.

Proceeds will be used to refinance existing debt and fund the acquisition of Echopass Corp., a Pleasanton, Calif.-based application service provider offering web-based telephone and internet customer support services.

Closing on the acquisition is expected in the fourth quarter,

Genesys is a Daly City, Calif.-based provider of customer engagement and contact center solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.