Loan & DebtJul 2, 2026, 04:18 PM
TD SYNNEX Establishes EUR 650M European Receivables Securitization Program
AI Summary
TD SYNNEX Corporation and its subsidiaries have established a European receivables securitization program, securing an aggregate commitment of EUR 650 million from senior notes subscribers. This facility will fund the purchase of eligible receivables from seller entities in Belgium, France, Germany, and Spain. The program is structured as a revolving securitization with a scheduled amortization date of June 25, 2028, extendable to June 2031, and includes a guaranty from TD SYNNEX Corporation.
Key Highlights
- TD SYNNEX and subsidiaries entered into a European receivables securitization program.
- Senior notes subscribers committed an aggregate of EUR 650 million to the facility.
- The program is intended to fund the Issuer's purchase of eligible receivables.
- The transaction is structured as a revolving securitization during the reloading period.
- TD SYNNEX Corporation provided a guaranty for certain obligations under the program.
- Key participants include BNP Paribas, Banco Santander S.A., and Crédit Agricole Corporate and Investment Bank.
- The scheduled amortization date is June 25, 2028, with a potential extension to June 2031.
- The agreement includes customary early amortization events and performance thresholds.
Price Impact
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