SYNNEX CORPORATION (NYSE:SNX) Files An 8-K Entry into a Material Definitive Agreement

Amendment of a Material Definitive Agreement

On May 7, 2018, SYNNEX Corporation (“SYNNEX”) its subsidiaries that are originators thereunder and its subsidiary which is the borrower thereunder, and SIT Funding Corporation (“SIT”), amended SYNNEX’ accounts receivable securitization program (the “Trade Receivables Securitization”) by entering into an Eighth Omnibus Amendment to Fourth Amended and Restated Receivables Funding and Administration Agreement and Third Amended and Restated Receivables Sale and Servicing Agreement (the “Securitization Amendment”) with MUFG Bank, LTD. f/k/a The Bank of Tokyo-Mitsubishi UFJ, LTD., as agent, and the other lenders party thereto. Among other things, the Securitization Amendment (i) increases the lending commitment of the lenders to SIT by $250 million, to $850 million, (ii) increases the size of the accordion feature under which SIT may request an increase in the lenders' commitment to $150 million and (iii) extends the maturity date of the Trade Receivables Securitization to May 7, 2020.

The foregoing description of the Securitization Amendment is qualified in its entirety by reference to the full text of the Securitization Amendment which is attached hereto and filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information provided in Item 1.01 of this report is incorporated herein by reference.

(d) Exhibits

†Portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission to a request for confidential treatment.

SYNNEX CORP ExhibitEX-10.1 2 exhibit10105-11×2018.htm EXHIBIT 10.1 Exhibit CONFIDENTIAL TREATMENT REQUESTEDEXECUTION COPYEIGHTH OMNIBUS AMENDMENT TO FOURTH AMENDED AND RESTATED RECEIVABLES FUNDING AND ADMINISTRATION AGREEMENT ANDTHIRD AMENDED AND RESTATED RECEIVABLES SALE AND SERVICING AGREEMENTThis EIGHTH OMNIBUS AMENDMENT (this “Amendment”),…To view the full exhibit click here
About SYNNEX CORPORATION (NYSE:SNX)
SYNNEX Corporation is a process services company. The Company offers a range of services to resellers, retailers, original equipment manufacturers (OEMs), financial and insurance institutions, and other industry verticals across the world. The Company operates in two segments: Technology Solutions and Concentrix. Its Technology Solutions segment distributes a range of information technology (IT) systems and products, and also provides systems design and integration solutions. Its Concentrix segment offers a portfolio of solutions and end-to-end business outsourcing services, which focuses on customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in approximately 10 industry verticals. Its technology solutions segment also provides systems design and integration solutions. Its Technology solutions segment provides IT solutions in various vertical markets, such as government and healthcare.