UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Item 1.01 |
Entry into a Material Definitive Agreement. |
Amendment of a Material Definitive Agreement
On April 10, 2020, SYNNEX Corporation (“SYNNEX”), its subsidiaries that are originators thereunder and its subsidiary which is the borrower thereunder, SIT Funding Corporation (“SIT”), amended SYNNEX’ accounts receivable securitization program (the “Trade Receivables Securitization”) by entering into a Tenth Omnibus Amendment to Fourth Amended and Restated Receivables Funding and Administration Agreement and Third Amended and Restated Receivables Sale and Servicing Agreement (the “Securitization Amendment”) with MUFG Bank, LTD. f/k/a The Bank of Tokyo-Mitsubishi UFJ, LTD., as agent, and the other lenders party thereto. Among other things, the Securitization Amendment extends the maturity date of the Trade Receivables Securitization to July 10, 2020, providing the parties additional time to complete a renewal process given the current economic environment.
SYNNEX has no reason to believe that the Trade Receivables Securitization will not be renewed or replaced, although there can be no assurance the maturity date will be further extended.
The foregoing description of the Securitization Amendment is qualified in its entirety by reference to the full text of the Securitization 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
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Exhibit No. |
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Description of Document |
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10.1 |
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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.
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Date: April 16, 2020 |
SYNNEX CORPORATION |
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By: |
/s/ Simon Y. Leung |
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Simon Y. Leung Senior Vice President, General Counsel and Corporate Secretary |
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