News Column

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

August 7, 2014



Item 1.01. Entry into a Material Definitive Agreement.

Underwriting Agreement



On August 6, 2014, Synchronoss Technologies, Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") with Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as the representatives of the several underwriters listed therein (collectively, the "Underwriters"), relating to the sale of $200.0 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2019 (the "Notes") and the grant to the Underwriters of an option, exercisable for up to 30 days, to purchase up to an additional $30.0 million aggregate principal amount of Notes. The Underwriting Agreement contains other terms and conditions, including indemnification rights and obligations of the parties thereto, that are generally customary for transactions of this nature. The transactions contemplated by the Underwriting Agreement are expected to close on August 12, 2014, subject to customary closing conditions. The foregoing description of terms of the Underwriting Agreement is qualified in its entirety by reference to the form of Underwriting Agreement, which is filed as Exhibit 1.1 to the Company's Registration Statement on Form S-3 (No. 333-197871) filed with the Securities and Exchange Commission (the "SEC") on August 5, 2014 (the "Registration Statement"), and is incorporated herein by reference.

The offering was made pursuant to the Registration Statement and the pricing term sheet, filed with the SEC on August 7, 2014 pursuant to Rule 433.

Item 8.01 Other Events



On August 7, 2014, the Company issued a press release announcing the pricing of its offering of the Notes. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is 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 7, 2014. 2



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters