Syniverse Technologies Announces Plans to Raise $489 Million of Senior Secured Credit Facilities

  
    
  
  
    
      Syniverse 
      Technologies (NYSE: SVR), a leading provider of technology and 
      business solutions for the global telecommunications industry, today 
      announced that it will raise $489 million of Senior Secured Credit 
      Facilities.
    
    
      The 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. Net proceeds from the credit 
      facilities will be used to fund the $290 million proposed acquisition of 
      Billing Services Group Limited’s Wireless 
      Division (“BSG”) and 
      refinance Syniverse’s existing senior secured 
      credit facilities.
    
    
      Lehman Brothers Inc. and Deutsche Bank will act as Joint Lead Arrangers 
      and Joint Bookrunners for the syndication.
    
    
      About Syniverse
    
    
      Syniverse Technologies (NYSE:SVR) solutions allow more than 350 
      communications companies in over 50 countries to provide seamless mobile 
      services by making it possible for disparate technologies and standards 
      to interoperate. Syniverse's flexibility and customer focus permit its 
      customers to quickly react to market changes and demands, enabling the 
      delivery of everything from voice calls to sophisticated data and video 
      services wherever and whenever subscribers need them. Celebrating its 
      20th anniversary in 2007, Syniverse is headquartered in Tampa, Florida, 
      U.S.A., and has offices in major cities around the globe. Syniverse is 
      ISO 9001:2000 certified and TL 9000 approved, adhering to the principles 
      of customer focus and quality improvement practices. More information is 
      available at www.syniverse.com.
    
    
      About BSG
    
    
      BSG is a leading global provider of data clearing, financial settlement 
      and risk management solutions for wireless and wireline communication 
      service providers, operating in two primary segments: wireline and 
      wireless. BSG Wireless is a provider of data clearing and financial 
      settlement services related to global and national roaming for GSM 
      wireless telecommunications providers. Shareholder approval for the 
      acquisition of BSG by Syniverse Technologies was obtained on April 23, 
      2007.
    
    
      Cautions about Forward-Looking Statements
    
    
      This press release contains "forward-looking statements" within the 
      meaning of the Private Securities Litigation Reform Act of 1995. These 
      include, but are not limited to, statements regarding the Company's 
      plans, intentions and expectations. Such statements are inherently 
      subject to a variety of risks and uncertainties that could cause actual 
      results to differ materially from those projected. Given these concerns, 
      investors and analysts should not place undue reliance on 
      forward-looking statements.