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Latest Financial News for PGI

LPC: Once struggling loans return on red-hot demand
Posted on Friday February 24, 2017

Web conferencing provider Premiere Global Services (PGi) is considering a return to the loan market to reprice its debt and even add a little more to pay a dividend after struggling to sell the same buyout-related debt last year, illustrating growing demand for US leveraged loans. In May 2016, Barclays struggled to sell a US$550m loan backing PGi’s buyout by Siris Capital and sold at a discount of 90 cents on the dollar. The US$550m term loan is now trading near 99, allowing lenders to start discussions on repricing or refinancing the deal.

Posted on Wednesday December 31, 1969

Posted on Wednesday December 31, 1969

Posted on Wednesday December 31, 1969

Why Premiere Global Services, Inc. Jumped 22% on Friday
Motley Fool - Sep 11, 2015
The company has shown solid sales and earnings growth over the last five years, but operating margins have compressed dramatically.
Siris to Acquire Premiere Global Services (PGI) in ~$1B Deal -
Premiere Global Services (PGI) Stock Soaring in Pre-Market Trading on Buyout Offer -

Moody's assigns B2 CFR to Pangea Merger Sub Inc (Premiere Global Services ... (press release) - Nov 4, 2015
Net proceeds from the credit facilities and $455 million of equity will be used to finance the acquisition of Premiere Global Services, Inc. (PGS) by affiliates of Siris Capital Group, LLC for $973 million, including assumption of debt. Upon closing of ...

Premiere Global Services (PGI) Completes Siris Capital Acquisition; New CEO Named - Dec 8, 2015
Premiere Global Services, Inc. ("PGi") (NYSE: PGI) announced the completion of its acquisition by funds managed or advised by Siris Capital Group, LLC in a transaction valued at approximately $1 billion.
PGi completes $1 billion sale to New York company - Atlanta Business Chronicle

Moody's affirms Pangea Merger Sub Inc's (Premiere Global Services) B2 CFR ... (press release) - Dec 2, 2015
New York, December 01, 2015 -- Moody's Investors Service (Moody's) affirmed Pangea Merger Sub Inc.'s (Pangea) B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating and the B1 rating for its proposed first lien credit facilities, and ...

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