secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001177394-24-000044
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TD SYNNEX enters $3.5B revolver, new $750M term loan; repays $750M of existing term loan
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- Amended and restated $3.5B revolving credit facility matures April 16, 2029; two one-year extension options.
- New $750M senior unsecured term loan due Sept 1, 2027; proceeds used to prepay portion of existing $1.331B term loan.
- Existing term loan reduced from $1.331B to $581M after prepayment.
- Interest rates: SOFR + 0.10% credit spread + margin (1.00%-1.75% revolver; 1.00%-1.625% term).
- Financial covenants: max leverage 4.00x, min interest coverage 3.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000117739424000044/0001177394-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000117739424000044/snx-20240416.htm
  HTML page:      https://secwatch.observer/filing/0001177394-24-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer