Synnex 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 5, 2008
(Exact name of registrant as specified in its charter)
(Registrants 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 (see General Instruction A.2. below):
Amendment to Material Definitive Agreement
On May 5, 2008, SYNNEX Corporation (SYNNEX) entered into Amendment No. 7 (Amendment No. 7) to its Second Amended and Restated Receivables Sale and Servicing Agreement, dated as of February 12, 2007, by and among SYNNEX, SIT Funding Corporation, Sumitomo Mitsui Banking Corporation, Manhattan Asset Funding Company LLC and General Electric Capital Corporation. Amendment No. 7 provides that the Company may issue and repurchase convertible senior notes with a final maturity date of not less than ten years from the date of issuance in a principal amount not to exceed $150 million (the Convertible Senior Notes), subject to various conditions.
On May 5, 2008, SYNNEX entered into Amendment No. 12 (Amendment No. 12) to its Second Amended and Restated Credit Agreement, dated as of February 12, 2007, by and among SYNNEX, General Electric Capital Corporation, Bank of America, N.A. and Sumitomo Mitsui Banking Corporation. Amendment No.12 provides, among other things, that the Company may pay holders of the Convertible Senior Notes up to $15 million in cash to satisfy certain of SYNNEXs obligations under the Convertible Senior Notes, subject to various conditions.
On May 5, 2008, SYNNEX announced that it intended to offer convertible senior notes in a private offering, subject to market conditions and other factors.
On May 7, 2008, SYNNEX announced the pricing of its $125 million principal amount of 4.0% Convertible Senior Notes due 2018.
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.
Dated: May 8, 2008