TD SYNNEX established a European receivables securitization program anchored by a EUR 650 million senior variable funding notes facility. The program funds purchases of eligible receivables from units across Belgium, France, Germany, and Spain, with weekly interest periods and robust investor protections, including ratings-based triggers and early amortization events. The final borrowing date is June 25, 2028, with an option to extend to June 2031. The structure is designed to enhance liquidity and provide flexible funding for European operations.
Agreement 1: TD SYNNEX Launches EUR 650 Million European Receivables Securitization With BNP Paribas and Others
- Agreement type: European receivables securitization program
- Counterparty: BNP Paribas, Banco Santander, Crédit Agricole
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: Through Jun 25 2028; extendable to Jun 2031
- Reason: Enhance European liquidity and funding via receivables securitization
Agreement 2: TD SYNNEX Secures EUR 650 Million Senior Variable Funding Notes Facility
- Agreement type: EUR 650 million Senior Variable Funding Notes Facility
- Counterparty: BNP Paribas, Banco Santander, Crédit Agricole
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: Through Jun 25 2028; extendable to Jun 2031
- Reason: Provide scalable funding for eligible European receivables
Agreement 3: TD SYNNEX Signs Master Definitions and Common Terms for EU Securitization
- Agreement type: Master Definitions and Common Terms Agreement
- Counterparty: BNP Paribas and other parties
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: Through Jun 25 2028; extendable to Jun 2031
- Reason: Standardize terms and protections across the securitization program
Agreement 4: TD SYNNEX Executes Master Transfer and Servicing Agreement With EU Seller Entities
- Agreement type: Master Transfer and Servicing Agreement
- Counterparty: BNP Paribas and other parties
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: Through Jun 25 2028; extendable to Jun 2031
- Reason: Enable receivables sales and define servicing and protection standards
Original SEC Filing:
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