TD Synnex Corporation
TD SYNNEX Enters into European Receivables Securitization Program
Summary
On June 26, 2026, TD SYNNEX Corporation and its subsidiaries entered into a European receivables securitization program, involving multiple parties and an aggregate commitment of EUR 650 million. The program is structured as a revolving securitization, with the senior notes subscribers committing to fund the purchase price for eligible receivables and providing intraperiod advances. The transaction includes various performance thresholds and early amortization events, with potential for termination and enforcement actions in case of defaults. The last day of borrowing is scheduled for June 25, 2028, with an option to extend to June 2031.
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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.
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