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SYNCHRONOSS TECHNOLOGIES INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

August 5, 2014



Item 1.01 Entry into a Material Definitive Agreement.

On August 5, 2014, Synchronoss Technologies, Inc. (the "Company") entered into a Consent Memorandum (the "Consent") with respect to its Credit Agreement dated as of September 27, 2013 (the "Credit Agreement") among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent, and Wells Fargo Bank, National Association, as Syndication Agent, and the lenders party thereto (the "Lenders"). Under the terms of the Consent, the Lenders have, conditioned upon the filing of the Company's Registration Statement on Form S-3, Registration No. 333-197871, agreed to waive compliance with certain covenants in the Credit Agreement in order to permit the Company's incurrence of debt represented by the Notes (defined below). Certain of the Lenders may be underwriters or purchasers of the Notes.

Item 8.01 Other Events



On August 5, 2014, the Company issued a press release announcing that it proposes to offer, subject to market conditions and other factors, $200.0 million aggregate principal amount of convertible senior notes due 2019 (the "Notes"). The Company also intends to grant to the underwriters of the Notes the option to purchase up to an additional $30.0 million aggregate principal amount of Notes to cover over-allotments. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of Synchronoss Technologies, Inc. dated August 5, 2014. 2



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Source: Edgar Glimpses


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