SYNNEX Corporation, a leading business process services company, announced the successful renewal of its U.S. accounts receivable securitization facility. The program totals $650 million and currently has no outstanding borrowings.
“We believe this successful securitization renewal is a testament to the high-quality of assets in our portfolio, and the continued confidence and commitment from our banking partners,” said Marshall Witt, SYNNEX CFO. “This new agreement demonstrates our ability to effectively access the capital markets in this current environment and further supports our liquidity and balance sheet strength.”
SYNNEX Corporation is a Fortune 200 corporation and a leading business process services company, providing a comprehensive range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement to a broad range of enterprises. SYNNEX distributes a broad range of information technology systems and products, and also provides systems design and integration solutions. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe. Additional information about SYNNEX may be found online at synnex.com.
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Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, is a technology-enabled global business services company specializing in customer engagement and improving business performance for some of the world’s best brands. Every day, from more than 40 countries and across 6 continents, our staff delivers next generation customer experience and helps companies better connect with their customers. We create better business outcomes and help differentiate our clients through technology, design, data, process, and people. Concentrix provides services to clients in five primary industry verticals: technology and consumer electronics; communications and media banking; retail, travel and ecommerce; banking, financial services and insurance; and healthcare. We are Different by Design.
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