Moody's assigns Baa3 rating to TD SYNNEX's new notes
Moody's Ratings (Moody's) assigned Baa3 rating to new senior unsecured notes of TD SYNNEX Corporation ("TD SYNNEX"). The company's existing Baa3 ratings are unchanged. The outlook is stable. TD SYNNEX intends to use the net proceeds from the offering to retire the $700 million senior unsecured not...Synnex is a business process services company, providing a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement to a range of enterprises. The company's segments are: Technology Solutions, which distributes peripherals, information technologysystems including data center server and storage solutions, system components, software, networking, communications and security equipment; and Concentrix, which provides a portfolio of solutions and business services focused on customer engagement, process optimization, technology innovation, front and back-office automation and business transformation to clients.
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