{"url_path":"/sec/snx/8-k/2026-07-02/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/1177394/0001628280-26-046896-index.html","accession_number":"0001628280-26-046896","cik":"0001177394","ticker":"SNX","issuer_name":"TD SYNNEX CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1177394/0001628280-26-046896-index.html","primary_entity_key":"0001177394","primary_entity_name":"TD SYNNEX CORP"},"word_count":642,"has_tables":true,"body_markdown":"Item 1.01    Entry into a Material Definitive Agreement.\n\nOn June 26, 2026, TD SYNNEX Corporation and certain of its subsidiaries entered into documentation for a European receivables securitization program (the \"EU Securitization Program\"). The principal parties include TD SYNNEX Ireland Receivables I Designated Activity Company, as issuer and final purchaser (the “Issuer”); BNP Paribas S.A., Dublin Branch, as master purchaser (“Master Purchaser”); BNP Paribas, Banco Santander S.A. and Crédit Agricole Corporate and Investment Bank, as senior notes subscribers; TD SYNNEX UK Acquisition Limited, as program servicer, junior notes subscriber, profit participating note holder and cash manager; CSC Trustees Limited, as security trustee; and certain TD SYNNEX seller entities in Belgium, France, Germany and Spain (the “Seller Entities”). TD SYNNEX Corporation has also provided a guaranty in respect of certain obligations of the seller entities and other TD SYNNEX transaction parties under the transaction documents.\n\nUnder the Senior Variable Funding Notes Facility Agreement, the senior notes subscribers committed an aggregate of EUR 650 million. The facility is intended to fund the Issuer’s purchase price for eligible receivables sold into the securitization structure and, in certain circumstances, weekly or ad hoc intraperiod advances. The transaction is structured as a revolving securitization during the reloading period, under which eligible receivables originated by the Seller Entities may be sold to the Master Purchaser and then on-sold to the Issuer.\n\nInterest on the senior notes and junior notes accrues over weekly interest periods within each monthly period and is payable in arrears on weekly payment dates and transaction dates. The Master Definitions and Common Terms Agreement (the \"MDCTA\") also sets out certain ratings-based performance thresholds tied to the credit ratings of TD SYNNEX Corporation, including a Level 2 Required Rating and a Level 3 Required Rating, which are used to trigger enhanced collection, servicing and cash management protections.\n\nThe Master Transfer and Servicing Agreement contains customary early amortization events, including payment defaults, reporting failures, breaches of obligations, failure to provide solvency certificates, invalidity of transaction documents, misrepresentations, insolvency events, material adverse events, cross-defaults, litigation, failure to fund required junior note advances, portfolio trigger breaches, back-up servicer appointment failures, failure to provide information to the calculation agent, annual audit failures and Issuer events of default. In addition, the Senior Variable Funding Notes Facility Agreement contains customary Issuer events of default, including non-payment, misrepresentation, breach of obligations, cessation of business, insolvency, unlawfulness, invalidity, repudiation, certain litigation matters, material securitization regulation breaches that remain unremedied and invalidity of the Issuer deed of charge security.\n\nUpon the occurrence of an early amortization event, the revolving period may terminate, daily set-off may cease, collections may be swept daily to the master purchaser account, and the security trustee or senior notes subscribers may terminate the cash manager, activate the back-up cash manager and direct the appointment or activation of a back-up servicer. Upon the occurrence and continuation of an Issuer event of default or potential Issuer event of default, senior notes subscribers are not obligated to make further advances unless the applicable conditions precedent are satisfied. In addition, upon an Issuer event of default or a continuing early amortization event, senior notes subscribers may declare the senior notes immediately due and payable and may instruct the security trustee to serve a security enforcement notice and enforce the transaction security. The transaction documents also provide for limited recourse and non-petition in favor of the Issuer.\n\nThe last day of borrowing under the EU Securitization Program is the Scheduled Amortisation Date (as defined in the MDCTA), which is June 25, 2028, provided that the parties may agree to extend to June 2031.\n\nThe foregoing description of the EU Securitization Program is qualified in its entirety by reference to the agreements which are attached hereto and filed as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and are incorporated herein by reference."}