Synchronoss Completes $200 Million Debt Refinancing to Extend Maturities

MT Newswires Live

Apr 30, 2025

Synchronoss Technologies (SNCR) said Tuesday it refinanced its existing senior notes and term loan facilities with a new four-year, $200 million term loan in an agreement with TP Birch Grove.

The term loan has a maturity date of April 24, 2029, and is priced at the Secured Overnight Financing Rate plus 700 basis points, with one 50-basis-point leverage-based stepdown, the company said.

Synchronoss said it will use the proceeds from the new facility to repay the remaining $73.6 million principal of its original $75 million term loan and the $121 million outstanding under its senior notes.

The company also plans to contribute about $8 million from its balance sheet to complete the transaction, covering fees, call protection payments, and accrued interest.

Price: 10.62, Change: -0.08, Percent Change: -0.75

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2531651707"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2531651707\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2531651707?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-30 00:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2531651707","market":"hk","top_or_hot":-1,"title":"Synchronoss Completes $200 Million Debt Refinancing to Extend Maturities","media":"MT Newswires Live","content":"<html><body><p> Synchronoss Technologies (SNCR) said Tuesday it refinanced its existing senior notes and term loan facilities with a new four-year, $200 million term loan in an agreement with TP Birch Grove.</p><p>The term loan has a maturity date of April 24, 2029, and is priced at the Secured Overnight Financing Rate plus 700 basis points, with one 50-basis-point leverage-based stepdown, the company said.</p><p>Synchronoss said it will use the proceeds from the new facility to repay the remaining $73.6 million principal of its original $75 million term loan and the $121 million outstanding under its senior notes.</p><p>The company also plans to contribute about $8 million from its balance sheet to complete the transaction, covering fees, call protection payments, and accrued interest.</p><p>Price: 10.62, Change: -0.08, Percent Change: -0.75</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Synchronoss Completes $200 Million Debt Refinancing to Extend Maturities</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSynchronoss Completes $200 Million Debt Refinancing to Extend Maturities\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-04-30 00:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Synchronoss Technologies (SNCR) said Tuesday it refinanced its existing senior notes and term loan facilities with a new four-year, $200 million term loan in an agreement with TP Birch Grove.</p><p>The term loan has a maturity date of April 24, 2029, and is priced at the Secured Overnight Financing Rate plus 700 basis points, with one 50-basis-point leverage-based stepdown, the company said.</p><p>Synchronoss said it will use the proceeds from the new facility to repay the remaining $73.6 million principal of its original $75 million term loan and the $121 million outstanding under its senior notes.</p><p>The company also plans to contribute about $8 million from its balance sheet to complete the transaction, covering fees, call protection payments, and accrued interest.</p><p>Price: 10.62, Change: -0.08, Percent Change: -0.75</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNCR","symbol_name":"Synchronoss Technologies, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2531651707","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531651707","pubTimestamp":1745943594,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Synchronoss Technologies  said Tuesday it refinanced its existing senior notes and term loan facilities with a new four-year, $200 million term loan in an agreement with TP Birch Grove.The term loan has a maturity date of April 24, 2029, and is priced at the Secured Overnight Financing Rate plus 700 basis points, with one 50-basis-point leverage-based stepdown, the company said.Synchronoss said it will use the proceeds from the new facility to repay the remaining $73.6 million principal of its original $75 million term loan and the $121 million outstanding under its senior notes.The company also plans to contribute about $8 million from its balance sheet to complete the transaction, covering fees, call protection payments, and accrued interest.Price: 10.62, Change: -0.08, Percent Change: -0.75","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNCR":"Synchronoss Technologies, Inc.","BK4023":"应用软件"},"translate_title":"Synchronoss完成2亿美元债务再融资以延长期限","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNCR":0.9},"content_text":"Synchronoss Technologies (SNCR) said Tuesday it refinanced its existing senior notes and term loan facilities with a new four-year, $200 million term loan in an agreement with TP Birch Grove.The term loan has a maturity date of April 24, 2029, and is priced at the Secured Overnight Financing Rate plus 700 basis points, with one 50-basis-point leverage-based stepdown, the company said.Synchronoss said it will use the proceeds from the new facility to repay the remaining $73.6 million principal of its original $75 million term loan and the $121 million outstanding under its senior notes.The company also plans to contribute about $8 million from its balance sheet to complete the transaction, covering fees, call protection payments, and accrued interest.Price: 10.62, Change: -0.08, Percent Change: -0.75","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}