Twilio Inc - Ordinary Shares Class A

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Debt Financing / Related, Equity Investments, Exchange Changes

Syniverse Announces Plans To Become Publicly Traded Via Merger With M3-Brigade Acquisition II Corp.

Published: 08/16/2021 23:18 GMT
Twilio Inc - Ordinary Shares Class A (TWLO) - Syniverse Announces Plans to Become Publicly Traded Via Merger With M3-brigade Acquisition Ii Corp.
Transaction Values Syniverse at an Enterprise Value of $2.85 Billion.
Deal Expected to Significantly Enhance Balance Sheet Through $1.165 Billion in Cash Proceeds to Company.
Publicly Traded Company Will Be Named Syniverse Technologies Corp, Common Stock Will Be Listed on Nyse Under Ticker 'synv'.
Mbac Will Provide Up to $400 Million of Cash, Twilio Will Make an Investment of Up to $750 Million, With a Minimum Investment of $500 Million.
Following Closing, Syniverse Will Continue to Be Led by Chief Executive Officer Andrew Davies and Its Leadership Team.
Carlyle, Syniverse's Majority Owner, Will Retain All Its Current Investment in Syniverse,be Largest Shareholder in Traded Co.
Syniverse Has Obtained Committed Debt Financing for New $1 Billion Term Loan,$165 Million Revolving Credit Facility to Be Completed at Closing.
Boards of Directors of Both Mbac and Syniverse Have Unanimously Approved Proposed Transaction.