Synchronoss Technologies, Inc. to Offer $200.0 Million of Convertible Senior Notes
The notes will be unsecured, unsubordinated obligations of the Company,
and interest will be payable semi-annually. The notes will be
convertible into shares of the Company’s common stock at any time prior
to the close of business on the second scheduled trading day preceding
the maturity date. The interest rate, conversion rate and other terms of
the notes are to be determined by negotiations between the Company and
the underwriters.
The Company expects to use the net proceeds of the note offering to repay a portion or all of the Company’s outstanding indebtedness under its revolving credit facility, and for general corporate purposes, including potential acquisitions and strategic transactions.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of the Company’s common stock, if any, into which the notes are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The offering is being made pursuant to a registration statement
(including a prospectus for the offering) filed with the
Cautionary Statement:
The statements in this release relating to the terms and timing of
the proposed offering and the expected use of proceeds from the offering
are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements involve risks and uncertainties that could cause actual
results to differ materially, including, but not limited to, whether or
not the Company will offer the notes or consummate the offering, the
final terms of the offering, prevailing market conditions, the
anticipated principal amount of the notes, which could differ based upon
market conditions, the anticipated use of the proceeds of the offering,
which could change as a result of market conditions or for other
reasons, and the impact of general economic, industry or political
conditions in
You are cautioned not to place undue reliance on the Company’s
forward-looking statements, which speak only as of the date such
statements are made. The Company does not undertake any obligation to
publicly update any forward-looking statements to reflect events,
circumstances or new information after this
About
The
Source:
Synchronoss Technologies, Inc.
Media:
Stacie Hiras, +1
908-674-0758
Stacie.hiras@synchronoss.com
or
Investor:
Brian
Denyeau, +1 646-277-1251
investor@synchronoss.com