Mavenir Signs Debt Recapitalization Transaction to Drive Continued Growth

Transaction to strengthen Mavenir’s balance sheet and support its strategic focus on its profitable Mobile Core segment

June 16, 2025

Mavenir and its existing investor Siris have signed a comprehensive recapitalization with Mavenir’s lenders.

This transaction will meaningfully strengthen Mavenir’s balance sheet by eliminating over $1.3 billion of existing indebtedness and securing $300 million of new senior financing, in addition to a smaller subordinated facility provided by Siris and participating lenders. With increased liquidity, a more stable capital structure and substantially reduced net leverage, Mavenir will be well-positioned for sustained growth and long-term success.

The scale and structure of this financial transformation reflect the confidence and ongoing commitment of Siris and the lenders. With this enhanced financial foundation, Mavenir will be well-positioned to build on its industry-leading position in the Mobile Core development space. Siris will maintain its controlling ownership position in Mavenir and remain an active partner as Mavenir advances its vision of a cloud-native, AI-enabled network.

“We have been spearheading cloud transformation in Core and Open RAN. With a strengthened balance sheet and lower leverage, we are doubling down on our software expertise and domain knowledge to deliver a comprehensive, end-to-end, AI-native telco stack, setting Mavenir up for profitable growth in both Core and Open RAN. We are excited to leverage our Mobile Core leadership to accelerate software-driven network transformations for our customers around the world,” said Pardeep Kohli, President and CEO of Mavenir.

“This is a pivotal moment for our company,” said Hubert de Pesquidoux, Mavenir Executive Chair and Siris Executive Partner. “By strengthening our capital structure, we will be better positioned to execute our strategy, invest in innovation, and deliver on our commitments. We are deeply grateful to all our stakeholders – our customers, partners, investors, and especially our employees – for their unwavering support and confidence throughout this process."

“Mavenir has been a powerful innovator throughout its existence, and we are proud to continue our long-standing partnership with them as they continue building upon their leading position in the software industry,” said Frank Baker, Co-Founder and Managing Partner of Siris. “We look forward to supporting Mavenir during this next chapter of innovation and growth.”