secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0001193125-21-264521
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 3.02, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SYNNEX completes $1.61B cash + 44M stock acquisition of Tech Data, creates TD SYNNEX
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- Merger closed Sept 1; consideration $1.61B in cash plus 44M SYNNEX shares; legacy holders own ~54% of combined firm.
- Combined entity renamed TD SYNNEX; Rich Hume appointed CEO, Dennis Polk becomes Executive Chair of the Board.
- Board expanded to 11 directors; 4 Apollo nominees appointed per Investor Rights Agreement with Tiger Holdings.
- Refinanced with $2.5B senior notes, $1.5B term loan, and $3.5B revolver; will redeem ~$66M in 2022 and ~$131M in 2027 Tech Data notes.
- Terminated existing SYNNEX credit facilities, repaying $1B and $500M term loans in full.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000119312521264521/0001193125-21-264521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000119312521264521/d213822d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-264521

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