Synchronoss issues B. Riley $75 million series B preferred stock

Chicago, June 25 – Synchronoss Technologies, Inc., in announcing several different financing transactions, mentioned the sale of $75 million of the company’s series B preferred stock in a private transaction to B. Riley Principal Investments, LLC, according to a press release.

The company also separately sold $100 million of its common stock.

Additionally, the company sold $125 million of 8.375% $25-par five-year notes with B. Riley Securities, Inc. as the bookrunning manager.

Synchronoss Technologies is a Bridgewater, N.J.-based provider of managed mobility solutions for Service Providers and Enterprise.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.