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Borrowings (Tables) | 3 Months Ended
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Feb. 28, 2025
Debt Disclosure [Abstract] |
Schedule of Borrowings | Borrowings consist of the following:
| As of
| February 28, 2025 |  | November 30, 2024
| (currency in thousands)
TD SYNNEX U.S. Accounts Receivable Securitization Agreement | $ | 390,000 |  |  | $ | — |
Other short-term borrowings | 200,956 |  |  | 171,092 |
Borrowings, current | $ | 590,956 |  |  | $ | 171,092 |
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2) | $ | 700,000 |  |  | $ | 700,000 |
TD SYNNEX 2.375% Senior Notes due August 9, 2028 (1) (2) | 600,000 |  |  | 600,000 |
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 |
Total TD SYNNEX Senior Notes | $ | 2,400,000 |  |  | $ | 2,400,000 |
TD SYNNEX Term Loan | 581,250 |  |  | 581,250 |
2024 Term Loan | 750,000 |  |  | 750,000 |
Total term loans | $ | 1,331,250 |  |  | $ | 1,331,250 |
Other credit agreements and long-term debt | 24,383 |  |  | 24,956 |
Long-term borrowings, before unamortized debt discount and issuance costs | $ | 3,755,633 |  |  | $ | 3,756,206 |
Less: unamortized debt discount and issuance costs | (18,624) |  |  | (19,807) |
Long-term borrowings | $ | 3,737,009 |  |  | $ | 3,736,399 |
(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 the Senior Notes on each of February 9 and August 9, except for the 2034 Senior Notes in which the Company pays interest semi-annually on each of April 12 and October 12.
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 |  | November 30, 2026 |  | 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% |  |  |  |  |  |  |
(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 bear 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(1) |  |  |  | Effective Interest Rate as of February 28, 2025 |  | Effective Interest Rate as of November 30, 2024 |  |  |
September 1, 2026 |  | 0.10% |  | 1.125%-1.750% |  |  |  | 5.80% |  | 6.05% |  |  |
(1) 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 February 28, 2025 |  | Effective Interest Rate as of November 30, 2024
September 1, 2027 |  | 0.10% |  | 1.000% - 1.625% |  | 5.67% |  | 6.04%
Debt Instrument Redemption | 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 2031 |  | May 9, 2031 |  | 25
Senior Notes due 2034 |  | January 12, 2034 |  | 30

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