Syniverse to launch $625 million add-on term loan on Tuesday

By Sara Rosenberg

New York, Jan. 18 - Syniverse Holdings will host a conference call at 3:15 p.m. ET on Tuesday to launch a $625 million delayed-draw add-on senior secured term loan due April 2019, according to a market source.

Barclays, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman Sachs & Co. are the joint lead arrangers and bookrunners on the deal.

Proceeds will be used to help fund the purchase of MACH for about €550 million in cash.

Closing on the acquisition is subject to regulatory approvals.

Syniverse is a Tampa, Fla.-based provider of technology and business services for the telecommunications industry. MACH is a Luxembourg-based provider of cloud-based communication services.

© 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.