TD SYNNEX CORP Files 8-K: Material Definitive Agreement

TL;DR

SNX signed a big deal, 8-K filed.

AI Summary

On April 16, 2024, TD SYNNEX CORP entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its principal executive offices are located at 44201 Nobel Drive, Fremont, California.

Why It Matters

This filing indicates a significant new agreement for TD SYNNEX CORP, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.

Key Numbers

• 001-31892 — SEC File Number (Identifier for TD SYNNEX CORP's filings)
• 94-2703333 — IRS Employer Identification Number (Tax identification for TD SYNNEX CORP)

Key Players & Entities

• TD SYNNEX CORP (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• 44201 Nobel Drive, Fremont, California (location) — Principal executive offices
• SYNNEX CORP (company) — Former company name

FAQ

Key Financial Figures

• $0.001 — ich registered Common stock, par value $0.001 per share SNX The New York Stock Exchan
• $3.5 billion — exceed an aggregate principal amount of $3.5 billion (the "Amended and Restated Revolving Co
• $500 million — creased by up to an aggregate amount of $500 million. As of the effective date of the amendm
• $1,331,250,000 — ent in an aggregate principal amount of $1,331,250,000 (the "Existing Term Loan"), which was r
• $581,250,000 — sting Term Loan"), which was reduced to $581,250,000 in aggregate principal amount after giv
• $750 million — an in an aggregated principal amount of $750 million (the "New Term Loan"). The proceeds o

Filing Documents

• snx-20240416.htm (8-K) — 43KB
• ex101tdsnxamendedandrestat.htm (EX-10.1) — 1518KB
• ex102tdsnxcreditagreement0.htm (EX-10.2) — 1007KB
• 0001177394-24-000044.txt ( ) — 3060KB
• snx-20240416.xsd (EX-101.SCH) — 2KB
• snx-20240416_lab.xml (EX-101.LAB) — 22KB
• snx-20240416_pre.xml (EX-101.PRE) — 13KB
• snx-20240416_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement Amended and Restated Credit Agreement On April 16, 2024, TD SYNNEX Corporation ("TD SYNNEX") entered into an Amended and Restated Credit Agreement (the "Amended and Restated Credit Agreement") with TD SYNNEX UK Acquisition Limited as a designated borrower, the initial lenders party thereto, and Citibank, N.A. ("Citibank"), as administrative agent for the lenders. The Amended and Restated Credit Agreement provides for the extension of a senior unsecured revolving credit facility not to exceed an aggregate principal amount of $3.5 billion (the "Amended and Restated Revolving Commitments"), which revolving credit facility may, subject to the lenders' discretion, potentially be increased by up to an aggregate amount of $500 million. As of the effective date of the amendment, there continues to be a senior unsecured term loan outstanding under the Amended and Restated Credit Agreement in an aggregate principal amount of $1,331,250,000 (the "Existing Term Loan"), which was reduced to $581,250,000 in aggregate principal amount after giving effect to a prepayment thereunder with the proceeds of the New Term Loan (as described below). The Amended and Restated Revolving Commitments were used to refinance the existing $3.5 billion revolving credit facility previously disclosed and will mature on April 16, 2029, subject, in the lender's discretion, to two one-year extensions upon TD SYNNEX's prior notice to the lenders. Loans borrowed under the Amended and Restated Credit Agreement bear interest, in the case of SOFR rate loans, at a per annum rate equal to the applicable SOFR rate, plus 0.10% credit spread adjustment, plus the Applicable Margin (as defined in the Amended and Restated Credit Agreement), which may range from 1.00% to 1.75% for borrowings under the Amended and Restated Revolving Commitments and 1.125% to 1.75% for the Existing Term Loans, in each case based on TD SYNNEX's Public Debt Rating (as defined i

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 + Amended and Restated Credit Agreement, dated as of April 16, 2024, by and among TD SYNNEX Corporation, the lenders party thereto and Citibank, N.A., as agent 10.2 + Credit Agreement, dated as of April 19, 2024, by and among TD SYNNEX Corporation, the lenders party thereto and Bank of America, N.A., as agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). +Schedules (or similar attachments) and certain information have been omitted pursuant to Items 601(a)(5), 601(a)(6) and/or 601(b)(10)(iv) of Regulation S-K. TD SYNNEX hereby undertakes to furnish supplementally a copy of any omitted schedule or exhibit to such agreement to the U.S. Securities and Exchange Commission upon request; provided, however, that TD SYNNEX may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any schedules or exhibits so furnished. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 22, 2024 TD SYNNEX CORPORATION By: /s/ Marshall W. Witt Marshall W. Witt Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR