12:19 PM EDT, 04/29/2025 (MT Newswires) -- Synchronoss Technologies ( SNCR ) said Tuesday it refinanced its existing senior notes and term loan facilities with a new four-year, $200 million term loan in an agreement with TP Birch Grove.

The term loan has a maturity date of April 24, 2029, and is priced at the Secured Overnight Financing Rate plus 700 basis points, with one 50-basis-point leverage-based stepdown, the company said.

Synchronoss ( SNCR ) said it will use the proceeds from the new facility to repay the remaining $73.6 million principal of its original $75 million term loan and the $121 million outstanding under its senior notes.

The company also plans to contribute about $8 million from its balance sheet to complete the transaction, covering fees, call protection payments, and accrued interest.

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