TD SYNNEX Extends $1.5 Billion Accounts Receivable Securitization Program to 2028

summarizeSummary

TD SYNNEX extended the maturity date of its $1.5 billion accounts receivable securitization program to January 20, 2028, ensuring continued access to significant working capital.

check_boxKey Events

• Maturity Date Extended

  The maturity date of the Trade Receivables Securitization program has been extended to January 20, 2028.

• Significant Funding Facility Maintained

  The program maintains an aggregate commitment (Facility Limit) of $1.5 billion, providing substantial liquidity for the company's operations.

• Upfront Fee Paid to Lenders

  Lenders received an upfront fee in connection with the amendment, a standard practice for such extensions.

auto_awesomeAnalysis

TD SYNNEX Corporation has amended its existing accounts receivable securitization program, extending its maturity date to January 20, 2028. This amendment ensures the company's continued access to a substantial $1.5 billion financing facility, which is a key component of its working capital management. The extension provides financial flexibility and stability, following the company's recent announcement of strong fiscal fourth-quarter results.