Item 1.01 .   Entry into a Material Definitive Agreement

On July 7, 2016, Synchronoss Technologies, Inc. (“Synchronoss”) entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent (the “Administrative Agent”) and the several lenders party thereto (the “Credit Facility”).  The Credit Facility, which will be used for general corporate purposes, is a $250 million unsecured revolving line of credit that matures on July 7, 2021, subject to terms and conditions set forth therein.  Synchronoss has the right to request an increase in the aggregate principal amount of the Credit Facility to $350 million.  Synchronoss has drawn down $44,000,000 under the Credit Facility.

Synchronoss agreed to customary affirmative and negative covenants and events of default in connection with the Credit Facility. The occurrence of an event of default could result in the acceleration of Synchronoss’ obligations under the Credit Agreement and an increase to the applicable interest rate, and would permit the Administrative Agent to exercise remedies available under the Credit Agreement. Synchronoss also agreed to reimburse the Administrative Agent for legal and diligence fees incurred in connection with the Credit Facility.

The foregoing description of the Credit Facility does not purport to be complete and is qualified in its entirety by the full text of the Credit Agreement, a copy of which will be filed with the exhibits to Synchronoss’ Quarterly Report on Form 10-Q for the quarter ending September 30, 2016.