TD SYNNEX secures $1.75 billion term loan with Bank of America as agent
Bitget2026/11/05 22:48- TD SYNNEX entered a $1.75 billion senior unsecured term loan agreement on November 2, 2026, with Bank of America as administrative agent.
- Proceeds partly refinanced and fully repaid an existing $750 million term loan due September 1, 2027.
- Remaining proceeds will fund general corporate purposes, including acquisitions.
- The new loan matures November 2, 2029, with no scheduled amortization before maturity; repaid amounts cannot be reborrowed.
- SOFR loans carry the applicable SOFR rate plus a margin of 1%–1.63%, depending on the borrower's public debt rating.
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