Genesys Telecommunications firms OID on $100 million term loan at 99¼

By Sara Rosenberg

New York, June 24 - Genesys Telecommunications Laboratories Inc. finalized the original issue discount on its $100 million incremental term loan at 991/4, the midpoint of the 99 to 99½ talk, according to a market source.

Pricing on the loan is Libor plus 300 basis points with a 1% Libor floor, in line with existing term loan pricing.

The incremental debt has 101 soft call protection through February 2014, like the existing term loan.

Goldman Sachs Bank USA, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and RBC Capital Markets are the lead banks on the deal.

Proceeds will be used to fund the acquisition of SoundBite Communications Inc. for $5 in cash per share.

A tender offer for the SoundBite shares has already commenced and will expire on July 1.

Closing is expected early in the third quarter.

Genesys is a Daly City, Calif.-based provider of customer engagement and contact center solutions. SoundBite is a Bedford, Mass.-based provider of cloud-based proactive collections, payments, and mobile marketing applications, as well as proactive customer service solutions to enterprises.

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