TD Synnex Corporation
TD SYNNEX Corporation Refinances Credit Facilities
Summary
On April 16, 2024, TD SYNNEX Corporation entered into an Amended and Restated Credit Agreement, refinancing its existing $3.5 billion revolving credit facility with up to $4 billion available. This refinancing is part of a broader financial restructuring that also includes a new $750 million term loan, used to prepay part of an existing term loan, maturing in 2027. The agreements outline detailed terms, including interest rates based on SOFR, credit spread adjustments, applicable margins, financial covenants, and events of default.
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Exhibits (2)
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About TD Synnex Corporation
TD Synnex Corporation is a global leader in business process services, specializing in the distribution of technology products and services. The company's primary function is to provide comprehensive supply chain solutions, acting as a vital conduit between technology manufacturers and end-users across various sectors, including IT, education, healthcare, and government. TD Synnex plays a critical role in ensuring the efficient movement of technology products from production to market, thereby enhancing the scalability and reach of its vendor partners. The company offers a broad array of value-added services, such as logistics, integration, and financial services, thus facilitating optimized technology solutions for its clientele. Headquartered in Florida, TD Synnex operates across multiple continents, cementing its market significance as a reliable partner in the ever-evolving tech distribution landscape. It significantly impacts the technology ecosystem by enabling and accelerating access to innovative products and solutions worldwide, thus serving as a backbone for technology deployment in diverse industries.
Official SEC Documents
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