Debevoise Advises CD&R in the Financing Aspects of Its Acquisition of Presidio

2 July 2024

Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice, and its indirect subsidiary Fortress Intermediate 3, Inc., in connection with $3 billion of financing of CD&R’s acquisition of Presidio Inc. For more information, please see CD&R’s press release.

The financing included an offering of $750 million of senior secured notes and is expected to include a $1.8 billion Senior Secured Term Loan Facility and a $450 million Senior Secured Revolving Facility.

Presidio is a leading global digital services and IT solutions provider accelerating business transformation through secured technology modernization in North America, Europe and Asia Pacific.

The Debevoise team is led by finance partners Brett Novick and Jeffrey Ross and capital markets partner Steven Slutzky and includes finance associates Elizabeth Aiken, Matthew Jahnle and Marta Poplawski and capital markets associates Julia Glazer, Victoria Li, Paul Lowry and Maayan Stein.