February 21, 2017 1:21 PM ET

Software

Company Overview of Infor, Inc.

Company Overview

Infor, Inc. provides enterprise software and services worldwide. The company operates in three segments: License, Maintenance, and Consulting. Its technology platform offers solutions in the areas of intelligent open network integration; enterprise collaboration; mobile development platform and applications; and business intelligence, operational reporting, business vault, pervasive, and embedded analytics, as well as for application development framework and platform-as-a-service. The company provides enterprise resource planning products; industry-specific enterprise software suites; CloudSuite to reduce upfront IT expenditure and long term management costs; and enterprise asset management...

641 Avenue of the Americas

New York, NY 10011

United States

Founded in 2009

15,420 Employees

Phone:

646-336-1700

Key Executives for Infor, Inc.

Chief Executive Officer and Director
Age: 56
Chairman, Member of Compensation Committee and Member of Nominating & Governance Committee
Age: 64
Chief Financial Officer
Age: 42
Chief Operating Officer
Age: 43
Co-President of Product and Support
Age: 49
Compensation as of Fiscal Year 2016.

Infor, Inc. Key Developments

Infor Launches Integrated Service and Support Agency for Healthcare Customers

Infor announced the launch of Infor Services Healthcare, transforming the way healthcare organizations select, deploy and use modern technology solutions in a new cloud era. With Infor, customers receive reliable, responsive and accountable service along their journey with a program management office and dedicated healthcare resources. Through this new healthcare-focused business unit within Infor, customers get faster time to value with Infor solutions. Infor Services Healthcare is focused on making the move to Infor healthcare solutions an easy one, with continuous optimization. Each customer receives a specific deployment and optimization plan, updated semi-annually with ongoing value and outcome measurement. In addition, Infor will develop training and education tailored to the needs of each customer, including elearning, virtual onsite workshops, certification programs and training concierge to enable rapid, predictable and quality deployments of Infor solutions. As part of this strategy to help ensure successful customer outcomes, Infor Services Healthcare will also handle implementation and performance testing, and digital transformation via Hook & Loop, Infor's in-house design agency, and organizational optimization and transformation.

Infor, Inc. and Infor (US), Inc. Entered into Amendment to the Credit Agreement

On February 6, 2017, Infor, Inc., and Infor (US), Inc. entered into Amendment No. 8 (the “Amendment”) to the Credit Agreement dated as of April 5, 2012 (as amended from time to time prior to the effectiveness of the Amendment) (the “Credit Agreement”), with Bank of America, N.A., as administrative agent, Bank of America, N.A., as Additional Refinancing Lender (as defined in the Amendment), the other Additional Refinancing Lenders thereto, and the Amendment No. 8 Extending Term Lenders (as defined in the Amendment). The Amendment provides for, among other modifications to the Credit Agreement as set forth therein, the refinancing of all of the Company’s Tranche B-3 Term Loans, Tranche B-5 Term Loans and Euro Tranche B Term Loans with new term loans having an aggregate principal amount of $2,147,070,571.52 (the “Tranche B-6 Term Loans”) and €1,000,000,000 (the “Euro Tranche B-1 Term Loans”). Interest on the Tranche B-6 Term Loans is based, at the Company’s option, on (a) a LIBOR rate plus a margin of 2.75% per annum, with a LIBOR floor of 1.00%, or (b) an alternate base rate plus a 1.75% margin. Interest on the Euro Tranche B-1 Term Loans is based on a LIBOR rate plus a margin of 2.75%. The Tranche B-6 Term Loans and the Euro Tranche B-1 Term Loans each mature on February 1, 2022. Pursuant to the terms of the Amendment, the Tranche B-6 Term Loans and the Euro Tranche B-1 Term Loans are each guaranteed by the Company and certain of the Company’s domestic subsidiaries, and are secured by liens on substantially all of the assets of the Company and the other guarantors. The Company and its restricted subsidiaries are subject to certain other affirmative and negative covenants as set forth in the Amendment and the Credit Agreement. The Amendment also makes certain additional changes to the Credit Agreement including, without limitation, (A) increasing the prepayment of Excess Cash Flow (as defined in the Credit Agreement) to 75% when the Total Leverage Ratio (as defined in the Credit Agreement) over the applicable period is at least 6.00 to 1.00, (B) revising the definition of “Permitted Holders” to include Koch Industries, Inc. and certain of its affiliates upon the consummation of the sale of the Equity Interests (as defined in the Credit Agreement) of GGC Software Parent, Inc. to Koch Equity Development LLC or one or more of its Affiliates (as defined in the Credit Agreement), as contemplated by the Securities Purchase Agreement dated November 16, 2016, and (c) revisions to the Restricted Payments (as defined in the Credit Agreement) contingent to (i) permit the Company to pay dividends with respect to the declaration of cash interest with respect to the Holdco Notes (as defined in the Credit Agreement) and any accrued interest or premium thereon or any securities issued as a replacement therefor, (ii) permit the Company to pay dividends or distributions for the repayment, repurchase, redemption, defeasance, or otherwise acquire or retire for value of all or any portion of the Holdco Notes or any securities issued as a replacement therefor, together with accrued and unpaid interest or premium thereon to the redemption date thereof, plus any fees, underwriting discounts, accrued and unpaid interest, premiums and other costs and expenses, subject to pro forma Total Leverage Ratio of less than or equal to 6.75:1.00 and (iii) add a general basket for Restricted Payments equal to (a) the greater of $150.0 million and 2.50% of total assets, so long as such amount would not cause the Total Leverage Ratio to be greater than 4.75 to 1.00 after giving effect to such payment. However, the initial usage of any basket referred to in clauses (i), (ii) and (iii) of this paragraph are subject to the consent of the applicable required revolving lenders.

Brooklyn Sports & Entertainment and Infor Form a Fully-Integrated Partnership

Brooklyn Sports & Entertainment (BSE) and Infor have formed a fully-integrated partnership that will see data science applied to Brooklyn Nets team performance and fan marketing. The wide-ranging partnership covers four major areas: team performance, fan experience, team business operations, and jersey patch sponsorship. The partnership with BSE is New York-based Infor's first combining analytics and sports in North America. The most unique aspect of the partnership will see Infor develop a one-stop digital hub designed to help Nets General Manager Sean Marks and the team's Basketball Operations department generate stronger results on the court. This hub, developed by data scientists at Infor'sDynamic Science Labs and a team from its in-house digital agency, H&L Digital, will provide actionable insights by analyzing the vast array of data captured by the Nets on-court performance as well as the team's travel information, training activity, and other performance data. The centralized digital platform will aim to enhance data visualization and to further unify all of Basketball Operations, including players, coaches, training and medical staff, and analytics team. As part of the partnership, Infor will have its logo featured on the front left of the Nets game jerseys starting during the 2017-18 season and a branding presence throughout Barclays Center and HSS Training Center, the team's practice facility in Brooklyn. HSS Training Center will serve as an incubator for new ideas in which Infor's technology will help improve communication and collaboration across Barclays Center and the Nets' business operations, including talent sourcing and acquisition, customer service, and arena experience.

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