TECH DATA CORPORATION (NASDAQ:TECD) Files An 8-K Entry into a Material Definitive Agreement

TECH DATA CORPORATION (NASDAQ:TECD) Files An 8-K Entry into a Material Definitive Agreement
Item 9.01.

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Entry into a Material Definitive Agreement.

On August 8, 2017 (the “Execution Date”), Tech Data Corporation (the “Company”) amended and restated the transfer and administration agreement dated as of May 19, 2000 (as amended prior to the Execution Date, “the Original Agreement”, and as amended and restated on the Execution Date, the “Amended and Restated Agreement”), a two-year receivables securitization facility which allows a special purpose, bankruptcy remote vehicle, wholly owned by the Company (the “Transferor”), to pledge a designated pool of U.S. accounts receivable on an ongoing basis to provide collateral for borrowings. The Original Agreement was scheduled to expire on November 16, 2017. Under the Amended and Restated Agreement, the Company has access to up to a maximum of $750.0 million in borrowings and pays interest on advances at designated commercial paper or LIBOR-based rates plus an agreed-upon margin. The Company added AVT Technology Solutions LLC (“AVT TS”), a Delaware limited liability company that was acquired by the Company on February 27, 2017, as an additional originator of accounts receivable pledged under the Amended and Restated Agreement.

Certain Relationships

The various counterparties under each of the agreements described herein have provided and may continue to provide investment banking, financial advisory, credit and other services to the Company, for which they have received customary fees and expenses.

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits

EXHIBIT NO.

DESCRIPTION

10.1

Amended and Restated Transfer and Administration Agreement, dated as of August 8, 2017, among Tech Data Corporation, as collection agent; Tech Data Finance SPV, Inc., as transferor; PNC Bank, National Association, The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, Mizuho Bank, Ltd., and BNP Paribas, as class agents and bank investors; Liberty Street Funding LLC, Victory Receivables Corporation and Starbird Funding Corporation, as class conduits; and The Bank of Nova Scotia, as class agent, bank investor and administrative agent.


TECH DATA CORP Exhibit
EX-10.1 2 taa.htm TAA Exhibit AMENDED AND RESTATED TRANSFER AND ADMINISTRATION AGREEMENTamongTECH DATA FINANCE SPV,…
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About TECH DATA CORPORATION (NASDAQ:TECD)

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. It operates in two geographic segments: the Americas and Europe. It provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. Its customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.

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