01—Abstract
Summary
Summary of the 8-K filed September 30, 2026. Cited figures are marked; the original filing is the authoritative source.
TD SYNNEX Corporation (SNX) reported in an 8-K filed September 30, 2026 that, on September 25, 2026, it amended its accounts receivable securitization program (the "Trade Receivables Securitization") through the Eighth Omnibus Amendment to the Fifth Amended and Restated Receivables Funding and Administration Agreement and the Third Amended and Restated Receivables Sale and Servicing Agreement.
The amendment was entered into among TD SYNNEX, its subsidiary SIT Funding LLC (the borrower), the subsidiary originators, the lenders and managing agents, and The Toronto-Dominion Bank as administrative agent. The amendment extends the maturity of the program to September 25, 2028 and increases the aggregate lender commitment to $3.0 billiona. The program fee on the used portion of the commitment is now 0.725% per annum for advances funded through commercial paper and 0.825% per annum for other advances.
The lenders received an upfront fee in connection with the amendment, the amount of which the filing does not state. For investors, the filing points to a longer-dated and larger funding facility for trade receivables, with the maturity extended by roughly three years from the amendment date.
The filing does not describe the prior commitment size or fee levels, so the change in borrowing cost cannot be assessed from this document alone. The full agreement is filed as Exhibit 10.1, with certain schedules and information omitted under Regulation S-K.
02—Key points
Key Highlights
- Trade Receivables Securitization amended on September 25, 2026 via the Eighth Omnibus Amendment to the RFA and Third Amended and Restated SSA
- Maturity extended to September 25, 2028
- Aggregate lender commitment increased to $3.0 billion
- Program fee on used commitment set at 0.725% per annum for commercial paper-funded advances and 0.825% per annum for other advances
- Lenders received an upfront fee in connection with the amendment
- Borrower is SIT Funding LLC, a TD SYNNEX subsidiary; The Toronto-Dominion Bank serves as administrative agent
- Full amendment filed as Exhibit 10.1, with certain schedules omitted under Regulation S-K Items 601(a)(5), 601(a)(6) and/or 601(b)(10)(iv)
03—Questions
Frequently Asked Questions
What did TD SYNNEX agree to change in its receivables program?
On September 25, 2026, TD SYNNEX, its subsidiary originators, SIT Funding LLC and the lenders amended the Trade Receivables Securitization. The amendment extends the maturity to September 25, 2028 and raises the aggregate lender commitment to $3.0 billion.
How is the borrowing cost under the facility set?
The program fee on the used portion of the lenders' commitment is 0.725% per annum for advances funded through commercial paper issuance and 0.825% per annum for advances funded otherwise.
Who is involved in the amended facility?
The parties are TD SYNNEX Corporation, its subsidiary originators, SIT Funding LLC as borrower, the lenders and managing agents named in the agreement, and The Toronto-Dominion Bank as administrative agent.
Did the company pay anything to lenders for the amendment?
Yes. The lenders were paid an upfront fee in connection with the amendment. The filing does not state the amount.
Where can investors find the full terms?
The amendment is filed as Exhibit 10.1 to the Form 8-K. Certain schedules and information were omitted under Regulation S-K, and TD SYNNEX has undertaken to furnish omitted schedules to the SEC on request, subject to possible confidential treatment under Rule 24b-2.
04—Continue