Exhibit 99.1
TD SYNNEX Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
FREMONT, CA and CLEARWATER, FL, January 29, 2024 TD SYNNEX Corporation (NYSE: SNX) (TD
SYNNEX or the Company) today announced the pricing of the previously announced secondary public offering of 7,625,000 shares of its common stock. All of the shares in the offering are being sold by certain entities managed by
affiliates of Apollo Global Management, Inc. (the Selling Stockholders). The offering is expected to close on or about January 31, 2024, subject to customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 1,143,750 shares of common stock from the Selling Stockholders. TD SYNNEX will not receive any of the proceeds from the sale of shares by the Selling Stockholders
in the offering.
In addition, the Company has agreed to purchase from the underwriters 1,375,000 shares of common stock that are the subject of the
offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the Concurrent Share Repurchase) under the Companys existing share repurchase program. The Company plans 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. A preliminary prospectus supplement relating to and describing the terms of the offering was filed with the SEC on January 29, 2024. The final prospectus supplement relating to the offering will be filed
with the SEC and will be available on the SECs website at www.sec.gov. A copy of the preliminary prospectus supplement, the accompanying prospectus and the final prospectus supplement (when available) relating to the offering 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. Were 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 SYNNEXs 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 completion, terms, size, and timing of