Presidio, Inc. announced that it closed its previously announced term loan B facility (the “Term Loan B Facility”), which provided $576.6 million of term loans to refinance the company’s existing term loan facility and $140.0 million of additional term loans. Prior to the refinancing, the company voluntarily prepaid $25.0 million of term loans under its existing term loan facility on December 29, 2017. The Term Loan B Facility was issued at a price equal to 99.75% of its face value, with an interest rate of LIBOR plus 2.75% or alternate base rate plus 1.75%, representing a 0.50% reduction from company’s prior term loan facility, and a 1.00% LIBOR floor. The maturity date of the Term Loan B Facility is February 2, 2024, a two year extension to the maturity of company’s prior term loan facility. Presidio used the proceeds from the Term Loan B Facility to refinance all $576.6 million outstanding under its existing term loan facility, redeem all $125.0 million of Presidio Holdings Inc.’s outstanding 10.25% senior notes due 2023 (the “Senior Notes”), and pay fees, expenses, premiums and interest relating thereto. As a result of the redemption of the Senior Notes and the refinancing of company’s prior term loan facility with the Term Loan B Facility, the company expects to realize annualized interest expense savings of approximately $10.5 million.