Financing ·
TD SYNNEX increases aggregate lender commitment to $3B under amended receivables securitization program
SNXTD Synnex Corp
TD SYNNEX Corporation amended its accounts receivable securitization program by entering into the Eighth Omnibus Amendment to the Fifth Amended and Restated Receivables Funding and Administration Agreement. The modification extends the maturity date of the Trade Receivables Securitization to September 25, 2028, and increases the aggregate lender commitment to $3,000,000,000. Effective borrowing costs were adjusted to 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 this amendment. TD SYNNEX operates in the technology supply chain industry, providing logistics, financing, and procurement services.