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Borrowings (Tables)

6 Months Ended

May 31, 2025

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings consist of the following:

			As of
			May 31, 2025						November 30, 2024
			(currency in thousands)
TD SYNNEX Revolving Credit Facility			$	150,000					$	—
Other short-term borrowings			232,425						171,092
Borrowings, current			$	382,425					$	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			9,471						24,956
Long-term borrowings, before unamortized debt discount and issuance costs			$	3,740,721					$	3,756,206
Less: unamortized debt discount and issuance costs			(17,441)						(19,807)
Long-term borrowings			$	3,723,280					$	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 May 31, 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 May 31, 2025						Effective Interest Rate as of November 30, 2024
September 1, 2027						0.10%						1.000% - 1.625%						5.68%						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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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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