SOURCE: Imperial Capital

Imperial Capital

January 29, 2010 04:45 ET

Imperial Capital Advises Pegasus Solutions, Inc. in Successful Debt Restructuring

LOS ANGELES, CA--(Marketwire - January 29, 2010) - Imperial Capital announced the closing of the exchange offer and comprehensive restructuring of Pegasus Solutions, Inc. ("Pegasus" or "the Company"), a global leader in providing technology and services to hotels and travel distributors. Imperial Capital acted as exclusive financial advisor to Pegasus.

"Imperial Capital provided excellent advice and guidance through their expertise in restructuring negotiations and execution," said Pegasus CFO, Mark S. Dubrow. "We believe the successful refinancing of our notes is another indicator of the confidence our syndicated lenders and bondholders have in Pegasus Solutions' business model, financial stability and management team."

"Imperial Capital's Restructuring Advisory Group is dedicated to providing clients creative solutions to complex transactions," said Jason Reese, Chairman and Chief Executive Officer of Imperial Capital.

About Imperial Capital, LLC

Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Boston, Houston and Minneapolis. The firm currently employs over 170 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at

About Pegasus Solutions, Inc.

Pegasus Solutions is the world's leading provider of technology and services to hotels and travel distributors, supplying state-of-the-art central reservation systems and electronic distribution services, advanced agency commission processing and payment services, and hotel marketing representation services. Founded in 1989, Pegasus created and launched the hotel switch, and today its customers include more than 95,000 properties around the globe as well as a majority of the world's travel agencies. Additionally, Pegasus' powerful representation arm incorporates Utell® Hotels & Resorts and Utell Connect, services that have been chosen by nearly 11,000 member hotels in more than 130 countries, making Pegasus the hotel industry's largest third-party marketing, sales and reservations specialist. Pegasus also powers the niche consumer Web site™, dedicated to promoting independent and boutique hotels throughout the world. Headquartered in Dallas, Pegasus has 18 offices in 11 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit or

Contact Information

  • For more information regarding Imperial Capital or this transaction, please


    Anna Halloran Jacob
    Imperial Capital, LLC
    (310) 246-3675