Greenbelt, MD — July 30, 2008 — Presidio, Inc., the leading provider of advanced IT infrastructure solutions and professional and managed services, announced today that its debt financing package led by The PNC Financial Services Group, Inc. was recognized as the “Debt Financing Deal of the Year” at the Third Annual Middle Market Financing Awards held last month in Chicago. The awards are sponsored by The M&A Advisor, a finance industry newsletter, to recognize the accomplishments of professionals and firms in mergers and acquisitions deal financing as well as debt and equity offerings.
Chosen from a group of eight finalists, Presidio's debt financing package was selected by a distinguished panel of judges from business schools and the financial press, as well as the fields of banking, law and private equity. Presidio and PNC won the award for work on “securitization of receivables and syndication of secured revolver.” The deal was comprised of a $240 million financing package that provides the company with new capital for growth, and allows Presidio to expand its leadership position in providing advanced IT infrastructure and communications solutions to enterprise, commercial and government customers.
“We are truly pleased to have been chosen as the winner in the ‘Debt Financing Deal of the Year’ category at the M&A Advisor event this year,” commented Paul Fletcher, chief financial officer of Presidio, Inc. “Particularly in light of today’s challenging credit and financing environment, the award is testimony to PNC and the operating performance of Presidio. The award also provides clear validation of the importance of middle-market financing to the health of the economy.”
About Presidio, Inc.
Presidio, Inc., a diversified provider of advanced Professional and Managed Services, information technology infrastructure and outsourcing solutions, operates through three subsidiaries: Presidio Networked Solutions, Atlantix Global Systems, and Presidio Technology Capital. Presidio Networked Solutions addresses the complete technology lifecycle – plan, design, integrate, operate and optimize – for the enterprise, commercial and government markets. Atlantix Global Systems combines hardware and services to help provide more than 10,000 customers with a full lifecycle management process that enables customers to save time and maximize ROI. Presidio Technology Capital is the nation’s premier IT infrastructure leasing company, providing flexible financing and leasing solutions for its customers.