TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
04 Abril 2024 - 2:12PM
Business Wire
TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”)
today announced a proposed secondary public offering of 5,309,299
shares of its common stock currently held by certain entities
managed by affiliates of Apollo Global Management, Inc. (the
“Selling Stockholders”), which represent all the remaining shares
owned by 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 1,750,000 shares of common stock as part of the
secondary public offering (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.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc.,
Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, 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: J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
telephone: 1-866-803-9204, or by emailing at
prospectus-eq_fi@jpmchase.com; Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at 1-800-831-9146; Goldman Sachs &
Co. LLC, Attention: Prospectus Department, 200 West Street, New
York, New York 10282, telephone: 1-866-471-2526, facsimile:
212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; Mizuho
Securities USA LLC, Attention: Equity Capital Markets, 1271 Avenue
of Americas, New York, NY, 10020, by phone at (212) 205-7600, or by
email at US-ECM@mizuhogroup.com; RBC Capital Markets, LLC,
Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York,
New York 10281, or 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, 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/20240404145294/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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