Syniverse Holdings, Inc. and Syniverse Foreign Holdings Corporation (“SFHC”), an indirect wholly-owned subsidiary of Syniverse, have announced the final results for an offer to exchange up to USD364m of Syniverse´s outstanding 9.125% senior notes due 2019 (the “existing notes”) held by eligible holders, the companies said.
The exchange offer expired at midnight, New York City time, on January 6, and brought in USD433,507,000 (or 91.26% of the outstanding principal amount).
Syniverse will accept existing notes on a pro rata basis according to the pro ration procedures, for a total of USD369,547,000 aggregate principal amount of existing notes.
In connection with the exchange offer, SFHC will issue USD369,547,000 aggregate principal amount of its 9.125% senior notes due 2022 (the “new notes”), subject to satisfaction or waiver of the terms and conditions of the exchange offer.
Syniverse connects approximately 1,500 mobile service providers, enterprises, ISPs and OTTs in nearly 200 countries and territories, enabling seamless mobile communications across disparate and rapidly evolving networks, devices and applications.