secwatch / observer
8-K filed December 14, 2023, 6:59 PM ET ticker SNX CIK 0001177394
debt confidence high sentiment neutral materiality 0.45

TD SYNNEX amends trade receivables securitization; maturity to Dec 2025, removes DLT originator

TD SYNNEX CORP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TD SYNNEX CORP amended Second Omnibus Amendment to the Fifth Amended and Restated Receivables Funding and Administration Agreement and Third Amended and Restated Receivables Sale and Servicing Agreement with The Toronto-Dominion Bank Ltd. valued at extended maturity date to December 1, 2025; program fee adjusted to 0.85% per annum (effective 2023-12-11).

Action
amendment
Agreement
credit facility
Counterparty
The Toronto-Dominion Bank Ltd.
Value
extended maturity date to December 1, 2025; program fee adjusted to 0.85% per annum
Effective
2023-12-11
Exact text from the filing
On December 11, 2023, TD SYNNEX Corporation (“TD SYNNEX”), its subsidiaries that are originators thereunder and its subsidiary - SIT Funding Corporation (“SIT”) - which is the borrower thereunder, amended TD SYNNEX’ accounts receivable securitization program (the “Trade Receivables Securitization”) by entering into the Second 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 DLT Solutions, LLC (the “Removed Originator”), the lenders and managing agents party thereto, and The Toronto-Dominion Bank Ltd., as administrative agent (the “Administrative Agent”).
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TD SYNNEX CORP filing history →

Source: SEC EDGAR
accession 0001177394-23-000057
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