TD Synnex Corporation
TD SYNNEX Announces Issuance of $600 Million Senior Notes
Summary
On April 12, 2024, TD SYNNEX Corporation announced the issuance and sale of $600 million aggregate principal amount of 6.100% Senior Notes due 2034. The notes were issued under an indenture and will accrue interest at a rate of 6.100% per year, payable semi-annually. The company received net proceeds of approximately $595.5 million, which it intends to use for repaying or redeeming existing debt and for general corporate purposes.
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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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