Mitel Networks Corporation

Mitel in its proposed $1.96 billion acquisition of Polycom

Client

Mitel Networks Corporation

Value

$1.96 billion

Date Closed

Lead Office

Toronto


 

On April 15, 2016, Mitel Networks Corporation and Polycom entered into a definitive merger agreement in which Mitel will acquire all of the outstanding shares of Polycom common stock in a cash and stock transaction valued at approximately $1.96 billion.

Mitel intends to finance the cash portion of the consideration for the acquisition, and the refinancing of its existing credit facilities and those of Polycom, using a combination of cash on hand from the combined business and proceeds from new financing and has received financing commitments from BofA and Merrill Lynch of approximately $1.085 billion in the aggregate.

Osler is representing Mitel with a team led by Jeremy Fraiberg (M&A) and Richard Borins (Banking and Financial Services) and including Alexander Gorka (M&A), Firoz Ahmed and Paul Seraganian (Tax), James Lurie, Andrew Herr, Matthew Sadofsky, Marta Rochkin and Nathan Whitaker (Banking and Financial Services).


Team
Jeremy  Fraiberg
Key Contact

Jeremy Fraiberg

Partner, Corporate

Richard M. Borins

Richard M. Borins

Partner, Financial Services

Alex Gorka

Alex Gorka

Partner, Corporate

Firoz Ahmed | Tax Lawyer in Toronto

Firoz Ahmed

Partner, Taxation

Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Andrew G.  Herr

Andrew G. Herr

Partner, Financial Services

Marta Rochkin

Marta Rochkin

Associate, Financial Services