Syniverse to launch $1.03 billion term loan on Monday lender call

By Paul A. Harris

Portland, Ore., April 22 – Syniverse Holdings, LLC plans to launch a $1.025 billion seven-year term loan facility on a lender call scheduled to get underway at 1 p.m. ET on Monday, according to a market source.

Administrative agent Barclays is the left bookrunner. Goldman Sachs, Mizuho, BofA, Credit Suisse, Deutsche Bank, BNP Paribas and SG are the joint bookrunners.

The loan features a 101 soft call for six months.

The Tampa, Fla.-based telecom plans to use the proceeds plus preferred equity and an equity contribution from Twilio Inc. to refinance its capital structure.

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