UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 13, 2018

 

 

PRESIDIO, INC.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware		001-38028		47-2398593
(State of incorporation)		(Commission File No.)		(IRS Employer Identification No.)

One Penn Plaza, Suite 2832, New York, New York 10119

(Address of principal executive offices)

Registrant’s telephone number: (212) 652-5700

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

☐

Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

 

 

 

Item 1.01.

Entry into a Material Definitive Agreement.

On September 13, 2018, Presidio LLC and Presidio Networked Solutions LLC (together, the “Borrowers”), subsidiaries of Presidio, Inc. (the “Company”), entered into an Incremental Assumption Agreement and Amendment No. 7 (the “Amendment”) amending that certain Credit Agreement, dated as of February 2, 2015 (as previously amended, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), by and among the Borrowers, the guarantors party thereto, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent.

Pursuant to the Amendment, the Borrowers borrowed $160.0 million in aggregate principal amount of incremental term loans (the “Incremental Term Loans”) under the Credit Agreement.

The Amendment provides that the Incremental Term Loans will have terms substantially identical to the existing term loans outstanding under the Credit Agreement (except with respect to issue price). The Incremental Term Loans were sold to lenders at a price of 99.50% of par.

Proceeds from the Incremental Term Loans were used to fund the repurchase of 10,750,000 shares of the Company’s common stock, par value $0.01 per share, from AP VIII Aegis Holdings, L.P., an affiliate of investment funds managed by affiliates of Apollo Global Management, LLC, for aggregate consideration of $158.6 million, representing a purchase price of $14.75 per share.

 

Item 8.01.

Other Events.

On September 13, 2018, the Company issued a press release in connection with the transactions described in this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

(d)  Exhibits.

 

Exhibit		Description
10.1		Incremental Assumption Agreement and Amendment No.  7, dated September 13, 2018, by and among Presidio, LLC and Presidio Networked Solutions LLC, as borrowers, the guarantors party thereto, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent.
99.1		Press Release dated September 13, 2018.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 13, 2018

 

 

 

Exhibit 10.1

INCREMENTAL ASSUMPTION AGREEMENT

AND AMENDMENT NO. 7

INCREMENTAL ASSUMPTION AGREEMENT AND AMENDMENT NO. 7 (this “Agreement”) dated as of September 13, 2018 relating to the Credit Agreement dated as of February 2, 2015 (as amended by the Incremental Assumption Agreement and Amendment No. 1, dated May 19, 2015, the Incremental Assumption Agreement and Amendment No. 2, dated February 1, 2016, the Incremental Assumption Agreement and Amendment No. 3, dated May 27, 2016, the Incremental Assumption Agreement and Amendment No. 4, dated January 19, 2017, Amendment No. 5, dated August 8, 2017, and the Incremental Assumption Agreement and Amendment No. 6, dated January 5, 2018, and as further amended, restated, supplemented, waived or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”, and as amended by this Agreement, the “Amended Credit Agreement”) among PRESIDIO HOLDINGS INC. (“Holdings”), PRESIDIO IS LLC (as successor to Presidio IS Corp.) (“Intermediate Holdings”), PRESIDIO LLC (as successor of Presidio, Inc.) and PRESIDIO NETWORKED SOLUTIONS LLC (as successor of Presidio Networked Solutions, Inc.), as borrowers (collectively, the “Borrowers”), certain subsidiaries of Holdings, as Subsidiary Loan Parties, the Lenders party thereto from time to time and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent (in such capacity, the “Administrative Agent”) for the Lenders.

RECITALS:

WHEREAS, the Borrowers have (or the Borrower Representative on behalf thereof has) requested Incremental Term Loans in an aggregate principal amount of $160,000,000 (the “2018 Incremental Term Loan”) pursuant to Section 2.21(a) of the Credit Agreement, the Net Proceeds of which will be used to fund on or about the 2018 Incremental Effective Date a cash dividend to Presidio, Inc. (“Parent”) (such cash dividend, the “Permitted Dividend”) (which proceeds Parent will use to fund the repurchase of shares of its common stock from certain holders thereof) and to pay fees, costs and expenses in connection therewith, and that the Credit Agreement be amended to reflect the foregoing, including by increasing the aggregate principal amount of the Term Loans under the Credit Agreement to reflect the incurrence of such 2018 Incremental Term Loan; and

WHEREAS, the entity listed on Schedule I hereto (the “Incremental Term Lender”) has agreed, on the terms and conditions set forth herein and in the Amended Credit Agreement, to provide the amount of the 2018 Incremental Term Loan set forth opposite its name under the heading “Incremental Term Loan Commitment” on Schedule I hereto (the “Incremental Term Loan Commitment”).

NOW, THEREFORE, the parties hereto therefore agree as follows:

SECTION 1.    Defined Terms; References. Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement shall, after this Agreement becomes effective, refer to the Amended Credit Agreement.

SECTION 2.    2018 Incremental Term Loan.

(a)    Subject to the terms and conditions set forth herein, the Incremental Term Lender agrees to make the 2018 Incremental Term Loan to the Borrowers on the 2018 Incremental Effective Date (as defined below) in a principal amount not to exceed its Incremental Term Loan Commitment. Unless previously terminated, the Incremental Term Loan Commitment shall terminate on the earlier of (i) the funding of the 2018 Incremental Term Loan and (ii) 5:00 p.m., New York City time, on September 13, 2018.

(b)    With effect from the 2018 Incremental Effective Date, the 2018 Incremental Term Loan shall be a “Term B Loan” and the Incremental Term Lender shall be a Lender with an outstanding Term B Loan.

(c)    Except for any amounts net funded from the 2018 Incremental Term Loan, the 2018 Incremental Term Loan shall have the same terms as the Term B Loans.

SECTION 3.    Certain Consents and Agreements.

(a)    The parties hereto hereby agree that, for all purposes under the Amended Credit Agreement and the other Loan Documents, (i) the Incremental Term Loan Commitment will constitute Commitments, Term B Loan Commitments and Incremental Commitments, (ii) the 2018 Incremental Term Loan will constitute Loans, Term Loans and Incremental Term Loans, (iii) the Incremental Term Lender will be a Lender, a Term Facility Lender and an Incremental Term Lender and (iv) the 2018 Incremental Term Loan and the Term Loans funded under the Credit Agreement prior to the 2018 Incremental Effective Date shall collectively constitute one and the same Class of Term Loans.

(b)    The parties hereto hereby agree that, notwithstanding anything in the Credit Agreement to the contrary,

 

(i)

the initial Interest Period with respect to the 2018 Incremental Term Loan shall commence on the 2018 Incremental Effective Date and end on the date(s) necessary (as determined by the Administrative Agent) to ensure that such 2018 Incremental Term Loan is included in the same Class as the Term Loans funded under the Credit Agreement immediately prior to the 2018 Incremental Effective Date; and

 

(ii)

the Administrative Agent is hereby authorized to take all actions as it may reasonably deem to be necessary to ensure that the 2018 Incremental Term Loan is included in the same Class as the Term Loans funded under the Credit Agreement prior to the 2018 Incremental Effective Date and the Administrative Agent shall be authorized to mark the Register accordingly to reflect the amendments and adjustments set forth herein.

 

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(c)    Each of the Borrowers and the other Loan Parties hereby consents to the provisions of this Section 3.

SECTION 4.    Amendments to Credit Agreement.

(a)    Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in appropriate alphabetical order:

“2018 Incremental Assumption Agreement” means the Incremental Assumption Agreement and Amendment No. 7, dated as of September 13, 2018 among the Borrowers, Intermediate Holdings, Holdings, the other Loan Parties party thereto, the Lenders party thereto and the Administrative Agent.

“2018 Incremental Effective Date” means the first date when each of the conditions under Section 6 of the 2018 Incremental Assumption Agreement have been met.

(b)    The following definitions are hereby amended and restated in their entirety to read as follows:

“Term B Loans” shall mean (a) the term loans made by the Lenders to the Borrowers pursuant to Section 2.01(a) and the Refinancing and Incremental Assumption Agreement, and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrowers pursuant to Section 2.01(c), including the Incremental Term Loans made pursuant to the 2018 Incremental Assumption Agreement.

(c)    Section 2.10(a)(i) of the Credit Agreement is hereby amended and restated in its entirety as follows:

“(i) the Borrowers shall repay Term B Loans (including the Incremental Term Loan made on the 2018 Incremental Effective Date) on the last day of each March, June, September and December of each year (commencing on the last day of the first full fiscal quarter of the Borrowers after the Refinancing and Incremental Effective Date) and on the applicable Term Facility Maturity Date or, if any such date is not a Business Day, on the next preceding Business Day (each such date being referred to as a “Term B Loan Installment Date”), in an aggregate principal amount of such Term B Loans equal to (A) in the case of quarterly payments due prior to the applicable Term Facility Maturity Date, the amount set forth opposite the applicable date in the table below, and (B) in the case of such payment due on the applicable Term Facility Maturity Date, an amount equal to the then unpaid principal amount of such Term B Loans outstanding;

 

Amortization Period		Amount
September 30, 2018		$0.00
December 31, 2018		$0.00

 

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March 31, 2019		$0.00
June 30, 2019		$0.00
September 30, 2019		$0.00
December 31, 2019		$0.00
March 31, 2020		$0.00
June 30, 2020		$0.00
September 30, 2020		$0.00
December 31, 2020		$0.00
March 31, 2021		$0.00
June 30, 2021		$0.00
September 30, 2021		$0.00
December 31, 2021		$0.00
March 31, 2022		$0.00
June 30, 2022		$562,926.59
September 30, 2022		$2,209,038.06
December 31, 2022		$2,209,038.06
March 31, 2023		$2,209,038.06
June 30, 2023		$2,209,038.06
September 30, 2023		$2,209,038.06
December 31, 2023		$2,209,038.06

(d)    Section 3.12 of the Credit Agreement is hereby amended and restated in its entirety as follows:

“(a) The Borrowers will use the proceeds of the Revolving Facility Loans and Swingline Loans, and may request the issuance of Letters of Credit, solely for general corporate purposes (including, without limitation, to finance a portion of the Transactions, for permitted acquisitions (including Permitted Business Acquisitions), to repay Closing Date Refinanced Indebtedness and to pay Transaction Expenses); provided the amount of Revolving Facility Loans incurred on the Closing Date shall not exceed $25,000,000, (b) the Borrowers used the proceeds of the Term B Loans made on the Closing Date to finance a portion of the Transactions, to repay Closing Date Refinanced Indebtedness and for the payment of Transaction Expenses, (c) the Borrowers used the proceeds of the Term B Loans made on the Refinancing and Incremental Effective Date to (i) make a voluntary prepayment in full of the balance of the aggregate principal amount of the Term B Loans outstanding on the Refinancing and Incremental Effective Date, but prior to giving effect to the Refinancing and Incremental Assumption Agreement, (ii) redeem, discharge or otherwise retire all of the outstanding Senior Unsecured Notes, and (iii) pay fees, expenses, premium and interest in connection with the foregoing, and (d) the Borrowers will use the proceeds of the Term B Loans made on the 2018 Incremental Effective Date to pay a cash dividend to Presidio, Inc. and to pay fees, costs and expenses in connection with the transactions relating thereto.”

 

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SECTION 5.    Representations of the Borrowers. The Borrowers represent and warrant that:

(a)    the representations and warranties set forth in the Loan Documents are true and correct in all material respects on and as of the 2018 Incremental Effective Date after giving effect hereto with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date);

(b)    no Event of Default or Default has occurred and is continuing on and as of the 2018 Incremental Effective Date after giving effect hereto and to the extension of credit requested to be made on the 2018 Incremental Effective Date;

(c)    immediately after giving effect to the transactions contemplated hereunder on the 2018 Incremental Effective Date, (i) the fair value of the assets of Holdings and its Subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of Holdings and its Subsidiaries on a consolidated basis; (ii) the present fair saleable value of the property of Holdings and its Subsidiaries on a consolidated basis will be greater than the amount that will be required to pay the probable liability of Holdings and its Subsidiaries on a consolidated basis on their debts and other liabilities, direct, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) Holdings and its Subsidiaries on a consolidated basis will be able to pay their debts and liabilities, direct, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) Holdings and its Subsidiaries on a consolidated basis will not have unreasonably small capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted following the 2018 Incremental Effective Date; and

(d)    as of the 2018 Incremental Effective Date, immediately after giving effect to the consummation of the transactions contemplated hereunder, Holdings does not intend to, and Holdings does not believe that it or any of its Subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing and amounts of cash to be received by it or any such Subsidiary and the timing and amounts of cash to be payable on or in respect of its Indebtedness or the Indebtedness of any such Subsidiary.

SECTION 6.    Conditions. This Agreement shall become effective as of the first date (the “2018 Incremental Effective Date”) when each of the following conditions shall have been satisfied:

(a)    the Administrative Agent (or its counsel) shall have received from each Loan Party, the Incremental Term Lender and the Administrative Agent (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include facsimile or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement;

(b)    the Administrative Agent shall have received any required notice of borrowing of Incremental Term Loans pursuant to Section 2.03 of the Credit Agreement; provided, that such notice of borrowing shall be delivered in accordance with the time periods specified in Section 2.03 of the Credit Agreement or such shorter period as the Administrative Agent may agree;

 

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(c)    the representations and warranties set forth in Section 5 above shall be true and correct as of the 2018 Incremental Effective Date;

(d)    the Administrative Agent shall have received a certificate, dated the 2018 Incremental Effective Date and executed by any Financial Officer of the Borrowers, confirming the accuracy of the representations and warranties set forth in Section 5 above;

(e)    the Administrative Agent shall have received, on behalf of itself and the Incremental Term Lender, a favorable written opinion of (A) Wachtell, Lipton, Rosen & Katz, as New York and Delaware special counsel for the Loan Parties, and (B) McGuireWoods LLP, as Florida and Georgia counsel for the Loan Parties, in each case (i) dated the 2018 Incremental Effective Date, (ii) addressed to the Administrative Agent and the Incremental Term Lender and (iii) in form and substance reasonably satisfactory to the Administrative Agent and covering such other matters relating to this Agreement as the Administrative Agent shall reasonably request;

(f)    the Administrative Agent shall have received customary closing certificates and documentation consistent with those delivered on the Refinancing and Incremental Effective Date and such additional customary documents and filings as the Administrative Agent may reasonably require to assure that the 2018 Incremental Term Loan contemplated hereby is secured by the Collateral ratably with the existing Term B Loans and Revolving Facility Loans;

(g)    the Permitted Dividend shall be made on or about the 2018 Incremental Effective Date;

(h)    any fees and reasonable out-of-pocket expenses (including reasonable fees, charges and disbursements of Latham & Watkins LLP) owing by the Borrowers to the Administrative Agent, the Incremental Term Lender and Citibank, N.A. (the “Lead Arranger”) and invoiced prior to the date hereof shall have been paid in full (in the case of any such fees and reasonable out-of-pocket expenses incurred in connection with this Agreement or the 2018 Incremental Term Loan, subject to any agreed-upon limits contained in any letter agreement with the Administrative Agent or the Lead Arranger, as applicable, or their affiliates entered into in connection with this Agreement or the 2018 Incremental Term Loan);

(i)    the Administrative Agent shall have received at least three (3) Business Days prior to the 2018 Incremental Effective Date all documentation and other information required by Section 3.25(a) of the Credit Agreement, to the extent such information has been requested not less than ten (10) Business Days prior to the 2018 Incremental Effective Date; and

(j)    entry into this Agreement and the incurrence of the 2018 Incremental Term Loans on the 2018 Incremental Effective Date does not violate, conflict with or result in a breach of, the Credit Agreement, including Section 2.21 thereof.

 

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SECTION 7.    Waivers. Solely in connection with the borrowing of the 2018 Incremental Term Loan on the 2018 Incremental Effective Date, each party hereto hereby waives any required request for or notice of the 2018 Incremental Term Loan pursuant to Section 2.21 of the Credit Agreement.

SECTION 8.    Lead Arranger. The Loan Parties and the Lenders party hereto agree that from and after the 2018 Incremental Effective Date, the Lead Arranger in respect of the 2018 Incremental Term Loan, shall be entitled to the privileges, indemnification, immunities and other benefits afforded to the Arrangers pursuant to Sections 9.04 and 9.05 of the Amended Credit Agreement and, except as otherwise agreed to in writing by the Borrowers, Holdings and the Administrative Agent, shall have no duties, responsibilities or liabilities in such capacity with respect to this Agreement, the Amended Credit Agreement or any other Loan Document.

SECTION 9.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to any principle of conflicts of law that could require the application of any other law.

SECTION 10.    Confirmation of Guaranties and Security Interests. By signing this Agreement, each Loan Party hereby confirms that (i) the obligations of such Loan Party under the Amended Credit Agreement (including with respect to the 2018 Incremental Term Loan) and the other Loan Documents (x) are entitled to the benefits of the guarantees and the security interests set forth or created in the Collateral Agreement and the other Loan Documents and (y) constitute Loan Obligations and (ii) notwithstanding the effectiveness of the terms hereof, the Collateral Agreement and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. Each Loan Party ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such Loan Party pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Loan Obligations as increased hereby.

SECTION 11.    Consent. Each Borrower and the Administrative Agent (to the extent required by the Amended Credit Agreement) hereby consent to the assignment by the Incremental Term Lender of the 2018 Incremental Term Loan held by the Incremental Term Lender on 2018 Incremental Effective Date; provided, that each such Borrower consents to such assignment only to the extent that (i) the amount and relevant assignee of each such assignment has been disclosed by the Incremental Term Lender to such Borrower on or prior to the date hereof and (ii) such assignment is made within 90 days of the date hereof.

SECTION 13.    Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery of an executed counterpart to this Agreement by facsimile or electronic transmission shall be as effective as delivery of a manually signed original.

SECTION 14.    Miscellaneous. This Agreement shall constitute a Loan Document for all purposes of the Amended Credit Agreement. The Borrowers shall pay all reasonable fees, costs and expenses of the Administrative Agent as agreed to between the parties incurred in connection with the negotiation, preparation and execution of this Agreement and the

 

 

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transactions contemplated hereby (in the case of any such fees and reasonable out-of-pocket expenses incurred in connection with this Agreement or the 2018 Incremental Term Loan, subject to any agreed-upon limits contained in any letter agreement with the Administrative Agent or its affiliates entered into in connection with this Agreement or the 2018 Incremental Term Loan). The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. Nothing contained in this Agreement shall be construed as substitution or novation of the obligations outstanding under the Credit Agreement or the other Loan Documents, which shall remain in full force and effect, except to any extent modified hereby.

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

 

[Signature Page to Incremental Assumption Agreement and Amendment No. 7]

[Signature Page to Incremental Assumption Agreement and Amendment No. 7]

 

[Signature Page to Incremental Assumption Agreement and Amendment No. 7]

Schedule I

INCREMENTAL TERM LOAN COMMITMENTS

 

Incremental Term Lender		Incremental Term Loan Commitment
CITIBANK, N.A.		$160,000,000
Total		$160,000,000

Exhibit 99.1

 

One Penn Plaza, Suite 2832

New York, NY 10119

www.presidio.com

For Immediate Release

Presidio, Inc. Announces Closing of Repurchase

New York, NY – September 13, 2018 – Presidio, Inc. (NASDAQ: PSDO) (together with its subsidiaries, “Presidio” or the “Company”), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for middle-market customers, announced today that it closed its previously announced repurchase of 10,750,000 shares of its common stock from affiliates of funds managed by affiliates of Apollo Global Management, LLC for aggregate consideration of approximately $160 million.

To fund the repurchase, Presidio today entered into an amendment to its existing credit agreement, pursuant to which it incurred $160.0 million of new incremental term loans on terms substantially identical to the existing term loans outstanding under its credit agreement (except with respect to issue price). The incremental term loans were sold to lenders at a price of 99.50% of par.

ABOUT PRESIDIO

Presidio is a leading North American IT solutions provider focused on Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for middle-market customers. We deliver this technology expertise through a full life cycle model of professional, managed, and support services including strategy, consulting, implementation and design. By taking the time to deeply understand how our clients define success, we help them harness technology advances, simplify IT complexity and optimize their environments today while enabling future applications, user experiences, and revenue models. As of June 30, 2018, we serve approximately 8,000 middle-market, large, and government organizations across a diverse range of industries. Approximately 2,900 Presidio professionals, including more than 1,600 technical engineers, are based in 60+ offices across the United States in a unique, local delivery model combined with the national scale of a $2.8 billion dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry. Presidio is majority-owned by funds affiliated with Apollo Global Management, LLC (NYSE:APO). For more information visit: www.presidio .com.

Source: Presidio, Inc.

CONTACT INFORMATION

Investor Relations Contact:

Ed Yuen

866-232-3762

[email protected]

Media Contact:

Dori White

Vice President of Corporate Marketing

212-324-4301

[email protected]

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