v3.26.1
Borrowings (Tables)
 6 Months Ended
May 31, 2026
Debt Disclosure [Abstract]  
Schedule of Borrowings
Borrowings consist of the following:
As of
May 31, 2026November 30, 2025
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2)
$700,000 $700,000 
Other short-term borrowings426,032 319,260 
Short-term borrowings before debt discount and issuance costs$1,126,032 $1,019,260 
Less: current portion of unamortized debt discount and issuance costs
(234)(939)
Borrowings, current$1,125,798 $1,018,321 
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)
550,000 550,000 
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)
600,000 600,000 
Total TD SYNNEX Senior Notes in long-term debt
$2,850,000 $2,850,000 
2024 Term Loan
750,000 750,000 
Other credit agreements and long-term debt14,562 14,562 
Long-term borrowings, before unamortized debt discount and issuance costs$3,614,562 $3,614,562 
Less: unamortized debt discount and issuance costs(20,391)(22,432)
Long-term borrowings$3,594,171 $3,592,130 
____________________________
(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:
Maximum Borrowing Capacity (1)
Maturity Date
Effective Borrowing Cost(2)
Program Fee Payable(3)
Facility Fee Payable(4)
$1,500,000January 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 DateCredit 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.
Key terms for the 2024 Term Loan Credit Agreement are as follows:
Maturity DateCredit Spread AdjustmentMargin
Effective Interest Rate as of May 31, 2026
Effective Interest Rate as of November 30, 2025
September 1, 20270.10%
1.000% - 1.625%
4.97%5.27%
Debt Instrument Redemption
Par Call Dates and the spread to the applicable treasury rate for the respective outstanding Senior Notes are as follows:
Senior NotesPar Call DateSpread (in basis points)
Senior Notes due 2026July 9, 202620
Senior Notes due 2028June 9, 202825
Senior Notes due 2029December 17, 202815
Senior Notes due 2031May 9, 203125
Senior Notes due 2034January 12, 203430
Senior Notes due 2035July 10, 203520