180 Degree Capital Corp. Notes Opportunistic and Discounted Retirement of Preferred Stock and Repurchase of Notes by its Portfolio Company Synchronoss Technologies, Inc. (SNCR)
TURN180 Degree Capital (TURN) Newsfilter·2024-07-01 20:45

MONTCLAIR, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") noted today the announcement by its portfolio company, Synchronoss Technologies, Inc. (SNCR), that SNCR has opportunistically retired at discounted prices its outstanding Series B Preferred Stock and 19.7millionofitsoutstanding8.37519.7 million of its outstanding 8.375% Senior Notes due 2026 ("Senior Notes") funded by a new 75.0 million term loan with alternative credit manager, AS Birch Grove. SNCR reported that the combined ...