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Last $56.65 USD
Change Today 0.00 / 0.00%
Volume 0.0
PLT On Other Exchanges
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As of 8:04 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

plantronics inc (PLT) Snapshot

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04/27/15 - $57.90
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10/15/14 - $42.65
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plantronics inc (PLT) Details

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company also manufactures and markets specialty telephone products under the Clarity brand. Its primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products, including speakerphones, amplified captioned phones, amplified corded phones, personal listeners, and alarm clocks for hearing impaired individuals. The company designs its products for various markets and applications, such as enterprise and home offices, contact centers, mobile phones and smartphones, computer and gaming, residential, and other specialty applications. Plantronics, Inc. sells products through a network of distributors, retailers, wireless carriers, original equipment manufacturers, and telephony service providers. Plantronics, Inc. was founded in 1961 and is headquartered in Santa Cruz, California.

3,397 Employees
Last Reported Date: 05/15/15
Founded in 1961

plantronics inc (PLT) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $700.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $336.3K
Chief Technology Officer and Executive Vice P...
Total Annual Compensation: $386.3K
Senior Vice President of Sales
Total Annual Compensation: $379.0K
Compensation as of Fiscal Year 2014.

plantronics inc (PLT) Key Developments

Plantronics, Inc. Enters into an Amended and Restated Credit Agreement with Wells Fargo Bank, National Association

On May 15, 2015, Plantronics, Inc. entered into an Amended and Restated Credit Agreement with Wells Fargo Bank, National Association. The Credit Agreement amends and restates the Company's existing Credit Agreement, dated as May 9, 2011, by and between the Company and Bank. The Credit Agreement provides for a $100.0 million unsecured revolving credit facility. The proceeds of loans under the Credit Agreement may be used to refinance outstanding indebtedness under the Existing Credit Agreement, to finance stock repurchases and for general corporate purposes. Revolving loans under the Credit Agreement will bear interest, at the Company's election, at (i) the Bank's announced prime rate less 1.2% per annum or (ii) a daily one-month LIBOR rate plus 1.4% per annum. Interest is payable quarterly in arrears on the first day of each April, July, October and January, commencing July 1, 2015. Principal, together with all accrued and unpaid interest, on the revolving loans is due and payable on May 9, 2018. The Company is also obligated to pay a commitment fee of 0.37% per annum on the average daily unused amount of the revolving line of credit, which fee shall be payable quarterly in arrears on the first day of each April, July, October and January, commencing July 1, 2015. The Company may prepay the loans and terminate the commitments under the Credit Agreement at any time, without premium or penalty, subject to the reimbursement of certain costs.

Plantronics to Raise $500 Million in Notes Offering

Plantronics reported it plans to offer in a private placement to qualified institutional buyers $500 million aggregate principal amount of senior notes due 2023. The company intends to use the net proceeds for debt repayments, share repurchases and for general corporate purposes. Additionally, the company has also amended and restated its senior credit facility to, among other things, reduce the commitments to $100 million from $200 million to permit the issuance of the notes.

Sonus Networks, Inc. Announces Partnership with Plantronics, Nectar and Numonix to Enables Skype for Business Enterprise Voice Deployments

Sonus Networks, Inc. announced a partnership with Plantronics, Nectar and Numonix to ensure full interoperability of each companies’ Microsoft Skype for Business supported network devices, offering customers a cutting edge partner ecosystem that enables, supports and enhances Skype for Business Enterprise Voice deployments. Better Together takes the guesswork out of Skype for Business Enterprise Voice deployments by reducing the interoperability risk and providing partners and customers with pre-tested solutions. Security and Interworking; Sonus delivers the security and interoperability for voice, video, instant messaging and collaboration within Skype for Business environments. Sonus Session Border Controllers (SBCs) can be deployed at the border between an enterprise’s internal Skype for Business Enterprise Voice network and the service provider’s network, providing an effective demarcation point for media transcoding, network security, robust Session Initiation Protocol interworking, intelligent call routing, Active Directory integration and multi-vendor interoperability. Sonus SBCs used in on-premise and Office 365 (hybrid) deployments deliver a seamless flow of real-time communications for Skype for Business deployments. Endpoints; Plantronics brings Microsoft Skype for Business certified headsets and speakerphones that offer smart presence capabilities. Contextual Intelligence enables Plantronics audio devices to simplify and ease communications by understanding the user's location to deliver a service that best suits that environment, dramatically simplifying the way businesses communicate during Skype for Business voice and video calls. Monitoring; Nectar Services Corp. delivers complete monitoring capabilities within Skype for Business environments. Nectar’s UC Management Platform (UCMP), coupled with its UC Diagnostics module, support Skype for Business environments with comprehensive network pre-assessment, monitoring, diagnostics and reporting solutions. This combination enables enterprises deploying and service providers managing the Skype for Business platform with the capability to proactively monitor Skype for Business in real-time, allowing them to better meet and exceed end-user expectations. Recording: Numonix provides complete recording capabilities during Skype for Business deployments. Numonix’s Microsoft-qualified RECITE software delivers customers with a robust interaction recording solution that centrally and securely records and stores any Skype for Business interaction, regardless of user location.


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