Fusion (FSNN), a leading provider of integrated cloud solutions to small, medium and large businesses, is a single source for the cloud. Fusion’s advanced, proprietary cloud services platform enables the integration of leading-edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Fusion’s innovative, yet proven cloud solutions lower their customers’ cost of ownership and deliver new levels of security, flexibility, scalability, and speed of deployment.
Today Fusion announced that Matthew Rosen, its Chief Executive Officer, will present at the 30th Annual ROTH Conference on Tuesday, March 13, 2018, at 12:30 pm PDT. The conference will be held at The Ritz-Carlton, Laguna Niguel in Dana Point, California.
Recently, Fusion engaged Goldman Sachs (GS
), Morgan Stanley and MUFG as joint lead arrangers and joint bookrunners to arrange senior secured credit facilities (the “Facilities”) to be entered into in connection with Fusion’s previously announced agreement to acquire the Cloud and Business Services business of Birch Communications, Inc. Fusion intends to use the net proceeds from the Facilities to refinance its existing debt, to retire existing senior debt of Birch as part of the acquisition and for general corporate purposes.
The Facilities are expected to consist of $570 million senior secured term loans and a revolving credit facility, which is expected to be undrawn at closing. Borrowings under the Facilities will be guaranteed by each of Fusion’s current and future subsidiaries, subject to certain customary exceptions, and will be secured by a lien on substantially all of the assets of Fusion and each of the guarantors. The interest rate, maturity and other terms of the Facilities are to be determined.
Michael Bauer, Fusion’s CFO, recently stated, “We are very excited to complete the Birch transaction. The combined company is projected to have approximately $575 million in pro forma annual revenue and over $150 million in pro forma annual Adjusted EBITDA, including over $20 million in expected cost synergies.”
To learn more about Fusion (Nasdaq: FSNN
) & Goldman Sachs (GS
) and to track their progress please visit the Vista Partners Coverage Pages.
Fusion to Present at the 30th Annual ROTH Conference
NEW YORK, March 06, 2018– Fusion, a leading provider of cloud services, announced today that Matthew Rosen, its Chief Executive Officer, will present at the 30th Annual ROTH Conference on Tuesday, March …..