SEC Filing Summary: SYNNEX CORPORATION (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SYNNEX Corporation (Delaware) on April 7, 2008, covering events that occurred on April 1, 2008. The registrant is a technology solutions provider headquartered in Fremont, California.
Key Financial Metrics and Material Changes
The filing does not provide specific revenue, profit, cash flow, margin, or debt balance figures for the reporting period. However, it discloses the following material financial events:
- Debt Facility Expansion: Entered into Omnibus Amendment No. 11 to its Second Amended and Restated Credit Agreement, securing an incremental commitment of $20,000,000, subject to conditions.
- Acquisition Activity: Completed the acquisition of substantially all assets of New Age Electronics, Inc., pursuant to an Asset Purchase Agreement dated February 25, 2008, and amended on March 31, 2008.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the credit agreement amendment and asset acquisition. No unusual items or contingencies were explicitly detailed in the text provided.
Investor Verification Checklist
- Verify the specific conditions precedent required to finalize the $20,000,000 incremental credit commitment.
- Review the purchase price and financial impact of the New Age Electronics, Inc. asset acquisition in subsequent quarterly reports.
- Confirm the updated total debt capacity and covenants under the amended Credit Agreement with General Electric Capital Corporation, Bank of America, N.A., and Sumitomo Mitsui Banking Corporation.