A team of Pillsbury lawyers represented SYNNEX Corporation in connection with a Rule 144A/Regulation S offering of $2.5 billion aggregate principal amount of its senior notes.  

SYNNEX intends to use the net proceeds from the offering as part of its financing for its planned merger with Tech Data Corporation, a portfolio company of Apollo Global Management Inc., in a transaction valued at approximately $7.2 billion.

The Pillsbury team was led by partner Stephen Ashley with assistance from partners Stan Wong, Philip Tendler, Joe Fastiggi and Allison Leopold Tilley. The full team includes partners Christina Pearson and Brian Wainwright, counsel Cecilia Wang, senior associate Alexandra Calcado, associates Tara Shankar, Alexandra Stephanos, Daniel Welch and Christopher Wing, and senior law clerk Katherine Garcia.

Mentioned above, Pillsbury represented SYNNEX in connection with its initial merger agreement with Tech Data and related $7.5 billion bridge facility lending commitment. Read more here.

Pillsbury has a long-standing history with SYNNEX, in 2003, the firm advised  the company on its IPO, its 2014 purchases of the worldwide customer care service business of IBM for $505 million, the 2018 acquisition of  Convergys for $2.55 billion and its spin-off of Concentrix in December of 2020.