Genesys plans new debt financing for Interactive Intelligence purchase

By Sara Rosenberg

New York, Aug. 31 – Genesys received a commitment for debt financing to help fund its acquisition of Interactive Intelligence Group Inc., according to a news release.

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

Other funds for the transaction will come from cash on hand.

Under the agreement, Interactive Intelligence is being bought for $60.50 per share in cash. 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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