SYNNEX Successfully Completes Last Debt Financing of 2018

In its press release announcing the transaction, SYNNEX noted that this renewal is the last in a series of successful debt refinancings and new commitments obtained by SYNNEX over its past fiscal year, including: 

• Obtaining a five-year, $1.8 billion term loan facility as part of the acquisition of Convergys Corporation. For more on that deal, see here.
• Successfully receiving approval from SYNNEX lenders to align interest rate structure and covenants on an existing $1.7 billion term and revolving credit facility.
• Establishing interest rate swap agreements totaling $2 billion.

San Francisco Finance partner Philip Tendler led the Pillsbury teams advising SYNNEX. Other team members included: Alexandra Brandt, Russell DaSilva, Aaron Hutman, Sam Iverson, Dania Slim, Andrew Taggart, Paul Thomas, Irina Tsveklova and Victoria Vlahoyiannis.