TD SYNNEX expands invoice financing commitment to $3B
The revised terms set separate annual program-fee rates for commercial-paper and other advances and include an upfront fee paid to lenders.
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Form Type
8-K
Rhea-AI Filing Summary
TD SYNNEX Corporation amended its accounts receivable securitization program on September 25, 2026. The amendment extends the program’s maturity to September 25, 2028 and increases the lenders’ aggregate commitment to $3,000,000,000. TD SYNNEX’s subsidiaries are originators under the program, and its subsidiary SIT Funding LLC is the borrower.
The program fee on the used portion of the lenders’ commitment accrues at 0.725% per annum for advances funded through commercial paper and 0.825% per annum for other advances. The lenders were paid an upfront fee in connection with the amendment.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Aggregate lender commitment: $3,000,000,000
Program fee: 0.725% per annum
Program fee: 0.825% per annum
+1 more
4 metrics
Aggregate lender commitment
$3,000,000,000
Amended receivables securitization program
Program fee
0.725% per annum
Advances funded through the issuance of commercial paper; applies to the used portion of the lenders’ commitment
Program fee
0.825% per annum
Advances funded other than through the issuance of commercial paper; applies to the used portion of the lenders’ commitment
Maturity date
September 25, 2028
Amended receivables securitization program
Key Terms
accounts receivable securitization program, commercial paper, managing agents
3 terms
accounts receivable securitization program financial
"amended its accounts receivable securitization program"
An accounts receivable securitization program is a financing arrangement where a company converts its unpaid customer invoices into immediate cash by packaging them and selling the right to collect those payments to investors or a third party. For investors, it matters because the program can boost a company’s short-term cash and reduce borrowing needs, but it also shifts credit risk and can affect reported assets, liabilities and future cash flows—similar to selling a bundle of IOUs to get money now.
commercial paper financial
"advances funded through the issuance of commercial paper"
Short-term IOUs issued by companies to raise cash quickly, sold to investors for a fixed, brief period (usually up to a few months) and repaid with interest at maturity. Think of it as a business borrowing from the public without putting up collateral, like a friend asking to borrow money for a few weeks with a promise to pay back a bit more. Investors watch commercial paper to gauge a company’s short-term funding health and credit risk; difficulty issuing it or rising yields can signal liquidity stress or higher perceived risk.
managing agents financial
"the lenders and managing agents party thereto"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How large is SNX’s amended receivables securitization commitment?
The lenders’ aggregate commitment is $3,000,000,000.
When does SNX’s receivables securitization mature?
The program’s maturity date is September 25, 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________________
FORM 8-K
_________________________________________________
CURRENT REPORT
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): September 25, 2026
_________________________________________________
(Exact name of registrant as specified in its charter)
_________________________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of principal executive offices) | (Zip Code) | |||||||
(727 ) 539-7429
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)
_________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. | |||||||||||||
On September 25, 2026, TD SYNNEX Corporation (“TD SYNNEX”), its subsidiaries that are originators thereunder and its subsidiary - SIT Funding LLC (“SIT”) - which is the borrower thereunder, amended TD SYNNEX’s accounts receivable securitization program (the “Trade Receivables Securitization”) by entering into the Eighth Omnibus Amendment to the Fifth Amended and Restated Receivables Funding and Administration Agreement (the “RFA”) and the Third Amended and Restated Receivables Sale and Servicing Agreement (the “SSA”), (the “Amendment”), among TD SYNNEX, SIT, the subsidiary originators, the lenders and managing agents party thereto, and The Toronto-Dominion Bank, as administrative agent (the “Administrative Agent”).
Among other things, the modifications provided by the Amendment include extending the maturity date of the Trade Receivables Securitization to September 25, 2028 and increasing the aggregate commitment by lenders to $3,000,000,000. The effective borrowing cost under the Trade Receivables Securitization was modified through an adjustment to the program fee payable on the used portion of the lenders’ commitment, which shall now accrue at 0.725% per annum for advances funded through the issuance of commercial paper and 0.825% per annum for advances funded other than through the issuance of commercial paper. The lenders were paid an upfront fee in connection with the Amendment.
The foregoing description of the Amendment is qualified in its entirety by reference to the 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.
| Item 9.01 | Financial Statements and Exhibits. | |||||||||||||
(d) Exhibits.
| Exhibit No. | Description of Document | |||||||||||||
10.1+ | Eighth Omnibus Amendment to the Fifth Amended and Restated Receivables Funding and Administration Agreement and the Third Amended and Restated Receivables Sale and Servicing Agreement, dated as of September 25, 2026 by and among SIT Funding LLC, TD SYNNEX Corporation, the originators party thereto, the lenders and managing agents party thereto and The Toronto-Dominion Bank, as administrative agent. | |||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||||||||
+Schedules (or similar attachments) and certain information have been omitted pursuant to Items 601(a)(5), 601(a)(6) and/or 601(b)(10)(iv) of Regulation S-K. TD SYNNEX hereby undertakes to furnish supplementally a copy of any omitted schedule or exhibit to such agreement to the U.S. Securities and Exchange Commission upon request; provided, however, that TD SYNNEX may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any schedules or exhibits so furnished.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 30, 2026 | TD SYNNEX CORPORATION | |||||||
| By: | /s/ David Jordan | |||||||
| David Jordan | ||||||||
| Chief Financial Officer | ||||||||