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Lawson Software Prices Offering of Senior Notes Due 2019(March 30, 2012)
SAN FRANCISCO, CA and BOSTON, MA -- (Marketwire) -- 03/30/12 -- Golden Gate Capital and Summit Partners today announced that GGC Software Holdings, Inc.'s ("GGC Holdings") wholly owned subsidiary, Lawson Software, Inc. ("Lawson"), an affiliate of Infor Global Solutions Intermediate Holdings Limited ("Infor"), has priced an offering of $1,015 million aggregate principal amount of 9 3/8% senior notes due 2019 and EUR 250 million aggregate principal amount of 10% senior notes due 2019 (collectively, the "notes"). The notes are being issued in connection with the proposed combination of Infor and Lawson. The notes will be senior obligations of Lawson and will be guaranteed by GGC Holdings and certain of GGC Holdings' domestic subsidiaries.
The sale of the notes is expected to be consummated on or about April 5, 2012, subject to customary closing conditions. Lawson intends to use the net proceeds of the offering to refinance certain of its existing debt, to finance the offer to purchase and consent solicitation in connection with Lawson's 11 1/2% Senior Notes due 2018, pay all associated costs and expenses and for general corporate purposes.
The notes and the related guarantees will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the Securities Act. The notes and the related guarantees have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell the notes, nor a solicitation for an offer to purchase the notes.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $12 billion of capital under management.
About Summit Partners
Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised more than $14 billion in capital.
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