$500,000,000 3.700% Senior Notes due 2022 | |
Issuer: | Tech Data Corporation |
Title of Securities: | 3.700% Senior Notes due 2022 |
Public Offering Price: | 99.848% |
Aggregate Principal Amount Offered: | $500,000,000 |
Net Proceeds Before Expenses: | $496,240,000 |
Trade Date: | January 24, 2017 |
Settlement Date*: | January 31, 2017 (T+5) |
Maturity Date: | February 15, 2022 |
Interest Rate: | 3.700% per annum, subject to adjustment upon the occurrence of the events described under “Description of the Notes—Interest Rate Adjustment” in the preliminary prospectus supplement. |
Yield to Maturity: | 3.733% |
Spread to Benchmark Treasury: | T+180 bps |
Benchmark Treasury: | 2.000% due December 31, 2021 |
Benchmark Treasury Price and Yield: | 100-10; 1.933% |
Interest Payment Dates: | February 15 and August 15 of each year, beginning on August 15, 2017 |
Make-Whole Call: | Prior to January 15, 2022 at T+30 bps |
Par Call: | On or after January 15, 2022 |
Special Mandatory Redemption: | 101% of principal plus accrued and unpaid interest, if the Proposed Acquisition (as defined in the preliminary prospectus supplement) has not occurred on or prior to the earlier of (i) June 19, 2017 (provided that, if the termination date of the Acquisition Agreement (as defined in the preliminary prospectus supplement) is extended, this date will also be extended to the same extended termination date, but in no case will this date be extended beyond September 15, 2017) and (ii) the date the Acquisition Agreement is terminated. |
CUSIP / ISIN: | 878237 AG1 / US878237AG14 |
Anticipated Ratings**: | Baa3 (Negative Outlook) (Moody’s) / BBB- (Negative Outlook) (S&P) |
Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated Citigroup Global Markets Inc. |
J.P. Morgan Securities LLC | |
Co-Managers: | MUFG Securities Americas Inc. |
PNC Capital Markets LLC | |
Scotia Capital (USA) Inc. | |
BNP Paribas Securities Corp. | |
Mizuho Securities USA Inc. | |
UniCredit Capital Markets LLC | |
Skandinaviska Enskilda Banken AB (publ) | |
TD Securities (USA) LLC | |
Raymond James & Associates, Inc. |
Issuer: | Tech Data Corporation |
Title of Securities: | 4.950% Senior Notes due 2027 |
Public Offering Price: | 99.833% |
Aggregate Principal Amount Offered: | $500,000,000 |
Net Proceeds Before Expenses: | $495,915,000 |
Trade Date: | January 24, 2017 |
Settlement Date*: | January 31, 2017 (T+5) |
Maturity Date: | February 15, 2027 |
Interest Rate: | 4.950% per annum, subject to adjustment upon the occurrence of the events described under “Description of the Notes—Interest Rate Adjustment” in the preliminary prospectus supplement. |
Yield to Maturity: | 4.971% |
Spread to Benchmark Treasury: | T+250 bps |
Benchmark Treasury: | 2.000% due November 15, 2026 |
Benchmark Treasury Price and Yield: | 95-29+; 2.471% |
Interest Payment Dates: | February 15 and August 15 of each year, beginning on August 15, 2017 |
Make-Whole Call: | Prior to November 15, 2026 at T+40 bps |
Par Call: | On or after November 15, 2026 |
Special Mandatory Redemption: | 101% of principal plus accrued and unpaid interest, if the Proposed Acquisition (as defined in the preliminary prospectus supplement) has not occurred on or prior to the earlier of (i) June 19, 2017 (provided that, if the termination date of the Acquisition Agreement (as defined in the preliminary prospectus supplement) is extended, this date will also be extended to the same extended termination date, but in no case will this date be extended beyond September 15, 2017) and (ii) the date the Acquisition Agreement is terminated. |
CUSIP / ISIN: | 878237 AH9 / US878237AH96 |
Anticipated Ratings**: | Baa3 (Negative Outlook) (Moody’s) / BBB- (Negative Outlook) (S&P) |
Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated Citigroup Global Markets Inc. |
J.P. Morgan Securities LLC | |
Co-Managers: | MUFG Securities Americas Inc. |
PNC Capital Markets LLC | |
Scotia Capital (USA) Inc. | |
BNP Paribas Securities Corp. | |
Mizuho Securities USA Inc. | |
UniCredit Capital Markets LLC | |
Skandinaviska Enskilda Banken AB (publ) | |
TD Securities (USA) LLC | |
Raymond James & Associates, Inc. |