TD SYNNEX Corp Enters Material Definitive Agreement

TL;DR

TD SYNNEX just signed a big deal, details TBD.

AI Summary

On December 12, 2024, TD SYNNEX Corporation entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement, its terms, or any associated financial figures.

Why It Matters

This filing indicates a significant new contract or partnership for TD SYNNEX Corporation, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the Material Definitive Agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

• TD SYNNEX Corporation (company) — Registrant
• December 12, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich registered Common stock, par value $0.001 per share SNX The New York Stock Exchan

Filing Documents

• snx-20241212.htm (8-K) — 38KB
• ex101fifthomnibusamendment.htm (EX-10.1) — 1933KB
• lrr.jpg (GRAPHIC) — 3KB
• yield1.jpg (GRAPHIC) — 4KB
• yield2.jpg (GRAPHIC) — 3KB
• 0001177394-24-000083.txt ( ) — 2430KB
• snx-20241212.xsd (EX-101.SCH) — 2KB
• snx-20241212_lab.xml (EX-101.LAB) — 22KB
• snx-20241212_pre.xml (EX-101.PRE) — 13KB
• snx-20241212_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On December 12, 2024, TD SYNNEX Corporation ("TD SYNNEX"), its subsidiaries that are originators thereunder and its subsidiary - SIT Funding LLC (f/k/a SIT Funding Corporation) ("SIT") - which is the borrower thereunder, amended TD SYNNEX's accounts receivable securitization program (the "Trade Receivables Securitization") by entering into the Fifth Omnibus Amendment to the Fifth Amended and Restated Receivables Funding and Administration Agreement (the "RFA") and the Third Amended and Restated Receivables Sale and Servicing Agreement (the "SSA"), (the "Amendment"), among TD SYNNEX, SIT, the subsidiary originators and AVT Technology Solutions LLC (the "Removed Originator"), the lenders and managing agents party thereto, and The Toronto-Dominion Bank, as administrative agent (the "Administrative Agent"). Under the Amendment, the Removed Originator will cease to be an originator and TD SYNNEX, SIT, the Removed Originator, the Administrative Agent and the lenders entered into the Repurchase Agreement, (the "Repurchase Agreement"), pursuant to which the Removed Originator has repurchased the outstanding receivables it has previously sold to SIT. Among other things, the modifications provided by the Amendment include extending the maturity date of the Trade Receivables Securitization to November 30, 2026. The lenders were paid an upfront fee in connection with the Amendment. Also on December 12, 2024, SIT converted from a Delaware corporation to a Delaware limited liability company and changed its name from "SIT Funding Corporation" to "SIT Funding LLC" (such conversion and name change, collectively, the "SIT Conversion"). The Amendment also made various changes relating to the SIT Conversion and documented the approval of the SIT Conversion by the lenders and the Administrative Agent. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment which is attached hereto and

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 + Fifth Omnibus Amendment to the Fifth Amended and Restated Receivables Funding and Administration Agreement and the Third Amended and Restated Receivables Sale and Servicing Agreement, dated as of December 12, 2024 by and among SIT Funding LLC , TD SYNNEX Corporation, the originators party thereto, the lenders and managing agents party thereto and the Toronto-Dominion Bank, as administrative 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: December 17, 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