SYNCHRONOSS TECHNOLOGIES INC: debt financing — Synchronoss refinances with new $200M term loan due 2029; retires senior notes

SYNCHRONOSS TECHNOLOGIES INC

New $200M term loan from TP Birch Grove matures April 24, 2029 at SOFR + 7.00% (50bps stepdown).
Proceeds repay $73.6M existing term loan and $121M senior notes; ~$8M cash used for fees and call protection.
Refinancing extends debt maturity, eliminating near-term overhang from senior notes.
CFO states improved capital structure and greater operational flexibility for investment in Personal Cloud.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

SYNCHRONOSS TECHNOLOGIES INC incurred term loan of $200 million with BGC Lender Rep LLC, as administrative agent at secured overnight financing rate, which shall not be less than 2.50%, plus a mar maturing April 24, 2029.

Instrument: term loan
Principal: $200 million
Counterparty: BGC Lender Rep LLC, as administrative agent
Rate: secured overnight financing rate, which shall not be less than 2.50%, plus a mar
Maturity: April 24, 2029
Event: incurrence

Exact text from the filing

among the Companies and the Administrative Agent. On the Closing Date, the Amended Credit Agreement established a new term loan facility in an aggregate principal amount of $200 million (the “First Amendment Loan”), with any existing lenders under the Credit Agreement participating pursuant to a contemporaneous settlement of the $73.6 million outstanding

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Source: SEC EDGAR

accession 0001131554-25-000043

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