TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
29 Janeiro 2024 - 8:39AM
Business Wire
TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”)
today announced a proposed secondary public offering of 7,375,000
shares of its common stock currently held by certain entities
managed by affiliates of Apollo Global Management, Inc. (the
“Selling Stockholders”). The underwriters will have a 30-day option
to purchase up to an additional 1,106,250 shares of common stock
from the Selling Stockholders. TD SYNNEX is not selling any shares
of its common stock and will not receive any proceeds from the sale
of the shares by the Selling Stockholders in the offering.
In addition, the Company has authorized the purchase from the
underwriters of 1,375,000 shares of common stock as part of the
secondary public offering, provided that the total amount of shares
to be repurchased does not exceed $160.0 million (the “Concurrent
Share Repurchase”). The Concurrent Share Repurchase is part of the
Company’s existing share repurchase program. The Company intends to
fund the Concurrent Share Repurchase from existing cash on hand.
The underwriters will not receive any compensation for the shares
being repurchased by the Company.
Goldman Sachs & Co. LLC, BofA Securities, Inc. and RBC
Capital Markets, LLC are acting as joint bookrunners and
underwriters for the offering.
Shelf registration statements (File No. 333-259270 and File No.
333-274915) relating to the resale of the shares were previously
filed with the Securities and Exchange Commission (the “SEC”) and
became effective on September 2, 2021 and October 10, 2023,
respectively. The offering will be made only by means of a written
prospectus and prospectus supplement that form a part of the
registration statement. Copies of the preliminary prospectus
supplement and accompanying prospectus relating to the offering
will be filed with the SEC and, when available, may be obtained by
contacting: Goldman Sachs & Co. LLC, Prospectus Department, 200
West Street, New York, NY 10282, telephone: 1-866-471-2526,
facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com; BofA Securities, Inc. by mail at One
Bryant Park, New York, New York 10036, by email at
dg.ecm_execution_services@bofa.com, Attention: Syndicate Department
and with a copy to dg.ecm_legal@bofa.com, Attention: ECM Legal; or
RBC Capital Markets, LLC, by mail at Attention: Equity Syndicate,
200 Vesey Street, 8th Floor, New York, New York 10281, by telephone
at (877) 822-4089, or by email at equityprospectus@rbccm.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About TD SYNNEX
TD SYNNEX is a leading global distributor and solutions
aggregator for the IT ecosystem. We’re an innovative partner
helping more than 150,000 customers in 100+ countries to maximize
the value of technology investments, demonstrate business outcomes
and unlock growth opportunities. Headquartered in Clearwater,
Florida, and Fremont, California, TD SYNNEX’s approximately 23,000
co-workers are dedicated to uniting compelling IT products,
services and solutions from 2,500+ best-in-class technology
vendors. Our edge-to-cloud portfolio is anchored in some of the
highest-growth technology segments including cloud, cybersecurity,
big data/analytics, AI, IoT, mobility and everything as a service.
TD SYNNEX is committed to serving customers and communities, and we
believe we can have a positive impact on our people and our planet,
intentionally acting as a respected corporate citizen. We aspire to
be a diverse and inclusive employer of choice for talent across the
IT ecosystem.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may be identified by use of terms such as
“propose,” “will,” “expect,” “shall,” and similar terms or the
negative of such terms, and include, without limitation, statements
regarding the expected timing, size, and completion of the proposed
offering, the grant to the underwriters of the option to purchase
additional shares, and other information that is not historical
information. Actual results or developments may differ materially
from those projected or implied in these forward-looking
statements. Factors that may cause such a difference include risks
and uncertainties related to completion of the public offering on
the anticipated terms or at all, market conditions and the
satisfaction of customary closing conditions related to the public
offering. More information about the risks and uncertainties faced
by TD SYNNEX is contained in the section captioned “Risk Factors”
in the prospectus supplement related to the public offering and
from time to time in the Company’s Securities and Exchange
Commission filings, including its Annual Report on Form 10-K for
the fiscal year ended November 30, 2023, as well as subsequent SEC
filings. The forward-looking statements contained in this release
are as of the date of this release, and, except as required by law,
TD SYNNEX does not undertake any obligation to update any such
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240129122217/en/
Liz Morali Investor Relations 510-668-8436 ir@tdsynnex.com
Bobby Eagle Global Corporate Communications 727-538-5864
bobby.eagle@tdsynnex.com
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