Borrowings (Tables)

12 Months Ended

Nov. 30, 2025

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings consist of the following:

	As of November 30,
	2025		2024
	(currency in thousands)
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2)	$	700,000	$	—
Other short-term borrowings	319,260		171,092
Short-term borrowings before debt discount and issuance costs	$	1,019,260	$	171,092
Less: current portion of unamortized debt discount and issuance costs	(939)		—
Borrowings, current	$	1,018,321	$	171,092
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2)	$	—	$	700,000
TD SYNNEX 2.375% Senior Notes due August 9, 2028 (1) (2)	600,000		600,000
TD SYNNEX 4.300% Senior Notes due January 17, 2029 (2)	550,000		—
TD SYNNEX 2.650% Senior Notes due August 9, 2031 (1) (2)	500,000		500,000
TD SYNNEX 6.100% Senior Notes due April 12, 2034 (2)	600,000		600,000
TD SYNNEX 5.300% Senior Notes due October 10, 2035 (2)	600,000		—
Total TD SYNNEX Senior Notes in long-term debt	$	2,850,000	$	2,400,000
TD SYNNEX Term Loan	—		581,250
2024 Term Loan	750,000		750,000
Total term loans	$	750,000	$	1,331,250
Other credit agreements and long-term debt	14,562		24,956
Long-term borrowings, before unamortized debt discount and issuance costs	$	3,614,562	$	3,756,206
Less: unamortized debt discount and issuance costs	(22,432)		(19,807)
Long-term borrowings	$	3,592,130	$	3,736,399

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(1) The interest rate payable on each of these series of Senior Notes is subject to adjustment from time to time if the credit rating assigned to such series of Senior Notes is downgraded (or downgraded and subsequently upgraded).

(2) The Company pays interest semi-annually on each of these series of Senior Notes.

Schedule of Line of Credit Facilities

Under the terms of the U.S. AR Arrangement, as amended, the Company and its subsidiaries that are party to the U.S. AR Arrangement can borrow based on the key terms in the table below (currency in thousands):

Maximum Borrowing Capacity (1)	Maturity Date	Effective Borrowing Cost(2)	Program Fee Payable(3)	Facility Fee Payable(4)
$1,500,000	January 20, 2028	Blended rate	0.85%	0.30% - 0.40%

__________________

(1) Based on eligible trade accounts receivable.

(2) Based upon the composition of the lenders, that includes prevailing dealer commercial paper rates and a rate based upon SOFR.

(3) Payable on the used portion of the lenders’ commitment; accrues per annum.

(4) Payable on the adjusted commitment of the lenders, accrues at different tiers per annum depending on the amount of outstanding advances from time to time.

Borrowings under the TD SYNNEX Revolving Credit Facility bear interest at a per annum rate equal to the applicable SOFR rate, plus a credit spread adjustment, plus the applicable margin, as well as a commitment fee as referenced in the table below:

Maturity Date	Credit Spread Adjustment	Margin(2)	Commitment Fee(3)
April 16, 2029(1)	0.10%	1.000%-1.750%	0.100%-0.300%

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(1) As amended, the TD SYNNEX Revolving Credit Facility will mature on April 16, 2029, subject, in the lender's discretion to two one-year extensions upon the Company's prior notice to lenders.

(2) The margin is based on the Company’s Public Debt Rating (as defined in the TD SYNNEX Credit Agreement). The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.

(3) The commitment fee range is applied to any unused commitment under the TD SYNNEX Revolving Credit Facility based on the Company’s Public Debt Rating.

Loans borrowed under the TD SYNNEX Credit Agreement bore interest at a per annum rate equal to the applicable SOFR rate, plus a credit spread adjustment, plus the applicable margin as referenced in the table below:

Maturity Date	Credit Spread Adjustment	Margin(2)	Effective Interest Rate as of November 30, 2024
September 1, 2026(1)	0.10%	1.125%-1.750%	6.05%

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(1) The originally scheduled maturity of the TD SYNNEX Term Loan was on the fifth anniversary of the September 1, 2021 closing date. As stated above, the Company repaid the remaining principal in full in October 2025.

(2) The margin is based on the Company’s Public Debt Rating. The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.

Key terms for the 2024 Term Loan Credit Agreement are as follows:

Maturity Date	Credit Spread Adjustment	Margin	Effective Interest Rate as of November 30, 2025	Effective Interest Rate as of November 30, 2024
September 1, 2027	0.10%	1.000% - 1.625%	5.27%	6.04%

TD SYNNEX Senior Notes

Par Call Dates and the spread to the applicable treasury rate for the respective outstanding Senior Notes are as follows:

Senior Notes	Par Call Date	Spread (in basis points)
Senior Notes due 2026	July 9, 2026	20
Senior Notes due 2028	June 9, 2028	25
Senior Notes due 2029	December 17, 2028	15
Senior Notes due 2031	May 9, 2031	25
Senior Notes due 2034	January 12, 2034	30
Senior Notes due 2035	July 10, 2035	20

Schedule of Future Principal Payments

As of November 30, 2025, future principal payments under the above loans are as follows:

Fiscal Years Ending November 30,	(currency in thousands)
2026	$	1,019,260
2027	764,562
2028	600,000
2029	550,000
2030	—
Thereafter	1,700,000
Total	$	4,633,822