Mavenir has signed a major recapitalization agreement with its lenders, eliminating over $1.3 billion in debt and securing $300 million in new senior financing. The transaction, supported by controlling shareholder Siris and key lenders, is designed to strengthen Mavenir’s balance sheet and fund its long-term growth.
The company will sharpen its strategic focus on its profitable Mobile Core business and accelerate AI investments. At the same time, Mavenir will refine its Open RAN strategy, concentrating on 4G/5G software while maintaining its Open RAN hardware IP and supporting existing customers.
Key terms of the recapitalization include:
- Elimination of ~$1.3 billion of debt
- $300 million of new senior financing
- Additional subordinated capital from Siris and lenders
- Significant reduction in net leverage and enhanced liquidity
With a stronger capital structure, Mavenir plans to scale its AI-native telco stack and drive software-led network transformation for operators worldwide. The company serves more than 300 communications service providers in over 120 countries.
“This is a pivotal moment,” said Mavenir CEO Pardeep Kohli. “With a strengthened balance sheet, we are doubling down on software to deliver an end-to-end, AI-native telco stack.”
Siris will retain its controlling ownership position and remain an active partner. The transaction is expected to close in four to six weeks.
