The Firm represented the underwriters, led by Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, in a registered offering of $230 million aggregate principal amount of 0.75% Senior Convertible Notes due 2019 of Synchronoss Technologies, Inc. ( Synchronoss ), which includes the notes that were issued and sold pursuant to the over-allotment option exercised by the underwriters.
Synchronoss is mobile innovation leader that provides cloud solutions and software-based activation for connected devices globally. Such services include intelligent connectivity management and content synchronization, backup and sharing, as well as device and service procurement, provisioning, activation, and support, that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity (e.g., smartphones, laptops, tablets and mobile Internet devices, such as automobiles, wearables for personal health and wellness, and connected homes), multi-channel retailers and other customers to accelerate and monetize their go-to-market strategies for connected devices. The common stock of Synchronoss is listed on the NASDAQ Global Select Market under the symbol SNCR.
The Simpson Thacher team for this transaction included: William B. Brentani, Jean Park, Alexis Orenstein, Michael Renner (Capital Markets); Katharine Moir, Judy Yan (Tax); Michelle Morad (Intellectual Property); and Andrew Pagliughi (FINRA and Blue Sky).