Synchronoss Technologies Significantly Improves Capital Structure Through Discounted Retirement of Series B Preferred and Reduction in Senior Note Obligation
RILYB. Riley Financial(RILY) Newsfilter·2024-06-28 21:00

75.0MillionFinancingProceedstobeUsedforRepurchaseofAllOutstandingSharesofSeriesBPreferredandRepurchaseofApproximately75.0 Million Financing Proceeds to be Used for Repurchase of All Outstanding Shares of Series B Preferred and Repurchase of Approximately 19.7 Million of Senior Notes at a Discount to Face Value Combined Transactions Expected to Result in a 7.3MillionImprovementtoCapitalStructurePlusApproximately7.3 Million Improvement to Capital Structure Plus Approximately 10.6 Million in Pre-Tax Cost Savings BRIDGEWATER, N.J., June 28, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (NASDAQ:SNCR), a global leader and innovator in p ...