Syniverse Technologies said it would pay for a pending acquisition through senior secured credit facilities.
The company said net proceeds from the $489 million credit facilities would be used to fund the $290 million proposed acquisition of Billing Services Group Limited's Wireless Division and to refinance Syniverse's existing senior secured credit facilities.
The $489 million credit facilities are expected to consist of a $42 million revolver, a $20 million, Euro-denominated revolver, a $297 million term loan and a $130 million Euro-denominated term loan, according to a release.
