Syniverse Successfully Completes Syndication of $1.165 Bn Debt Refinancing

Feb 01, 2022

%3Cspan+class%3D%22bwuline%22%3ESyniverse+Corporation%3C%2Fspan%3E (“Syniverse” or the “Company”), the “world’s most connected company”^TM and a premier global technology provider of mission-critical mobile platforms for carriers and enterprises, has successfully completed the syndication of $1,000 million new senior secured term loan commitments (the “Term Loan”) to refinance its capital structure, subject to customary conditions, including satisfactory definitive documentation. The financing will be used in connection with and contingent upon the Company's merger with M3-Brigade Acquisition II Corp. (NYSE: MBAC) (“MBAC”), a special purpose acquisition company or “SPAC”. The financing also includes a $165 million, five-year senior secured revolving credit facility (“RCF” and together with the Term Loan, the “Credit Facilities”).

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