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TD Synnex 8-K Report, Corporate Update (Apr 10, 2024)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed April 10, 2024
Period End
April 9, 2024
Security
SNX
In the record · 2016–202610-K1110-Q338-K163

SNX filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 163 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Oct ’18Oct ’18
  2. Deal closed8-K · Dec ’20Dec ’20
  3. Leadership change8-K · Sep ’22Sep ’22
  4. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed April 10, 2024. Cited figures are marked; the original filing is the authoritative source.

On April 9, 2024, TD SYNNEX Corporation entered into an underwriting agreement with BofA Securities, Inc., Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters, to issue and sell $600 milliona principal amount of its 6.100% Senior Notes due 2034.

The offering is being made under a Registration Statement on Form S-3 (File No. 333-278517), which became effective upon filing, and a Prospectus Supplement dated April 9, 2024 to a Prospectus dated April 5, 2024. The offering is expected to close on April 12, 2024, subject to customary closing conditions. The underwriting agreement contains customary representations, warranties, agreements, closing conditions and termination provisions.

The filing does not state the use of proceeds. The filing is a notice of the debt issuance and attaches the underwriting agreement as Exhibit 1.1, which is incorporated by reference, along with the cover page Interactive Data File (Exhibit 104). For investors, the key facts are the size of the notes, their 6.100%b coupon, their 2034 maturity, and the expected April 12, 2024 closing date.

02—Key points

Key Highlights

  1. TD SYNNEX Corporation agreed on April 9, 2024 to issue and sell $600 million principal amount of 6.100% Senior Notes due 2034.
  2. BofA Securities, Inc., Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the representatives of the several underwriters.
  3. The notes are offered under an effective Form S-3 registration statement (File No. 333-278517) and a Prospectus Supplement dated April 9, 2024.
  4. The base Prospectus is dated April 5, 2024.
  5. The offering is expected to close on April 12, 2024, subject to customary closing conditions.
  6. The underwriting agreement is filed as Exhibit 1.1 and incorporated by reference, with its description qualified in full by the agreement's text.
  7. The filing does not state the use of proceeds for the offering.

03—Questions

Frequently Asked Questions

  1. What securities is TD SYNNEX offering?

    The company is offering $600 million principal amount of its 6.100% Senior Notes due 2034, under an underwriting agreement dated April 9, 2024.

  2. Who are the underwriters for the offering?

    The underwriting agreement is with BofA Securities, Inc., Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named in Schedule A to the agreement.

  3. Under what registration is the offering being made?

    The notes are offered under a Registration Statement on Form S-3 (File No. 333-278517), which became effective upon filing, and a Prospectus Supplement dated April 9, 2024 to a Prospectus dated April 5, 2024.

  4. When is the offering expected to close?

    The offering is expected to close on April 12, 2024, subject to customary closing conditions.

  5. Where can investors find the full terms of the underwriting agreement?

    The full text is filed as Exhibit 1.1 to this Form 8-K and is incorporated by reference. The filing's description of the agreement is qualified in its entirety by that exhibit.

04—Continue

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