Apollo affiliates upsized secondary offering of 10.5M SNX shares; TD SYNNEX repurchases 500K shares

TD SYNNEX CORP

Apollo-managed entities selling 10,500,000 SNX shares in upsized secondary public offering.
Offering priced; expected to close April 2, 2024; underwriters have 30-day option for additional 1.575M shares.
TD SYNNEX to repurchase 500,000 shares from underwriters at offering price using existing cash on hand.
Company receives no proceeds from the secondary sale by selling stockholders.
J.P. Morgan, Barclays, BofA, Mizuho acting as joint bookrunners for the offering.

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