Genesys Telecommunications Laboratories talks $700 million eight-year notes to yield 10%-10¼%

By Paul A. Harris

Portland, Ore., Nov. 18 – Genesys Telecommunications Laboratories, Inc. talked its $700 million offering of eight-year senior notes (Caa2/CCC) to yield 10% to 10¼% on Friday, according to a syndicate source.

There were no updates to the timing of the deal. The roadshow was scheduled to conclude on Friday. It was possible Friday business, an investor said. However no deal terms were available at press time.

Goldman Sachs & Co. is the left bookrunner for the Rule 144A and Regulation S for life offering. BofA Merrill Lynch, Citigroup Global Markets Inc. and RBC Capital Markets are the joint bookrunners.

The notes come with three years of call protection.

Proceeds, together with proceeds from a new credit facility, will be used to fund the acquisition of Interactive Intelligence Group, Inc., as well as for general corporate purposes, including debt repayment.

Genesys is a San Francisco-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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