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Tech Data Corp Announces Closing of Notes Offering


Friday, 21 Sep 2012 04:01pm EDT 

Tech Data Corp announced it has completed the previously announced public offering of $350,000,000 aggregate principal amount of 3.750% Senior Notes due 2017. Tech Data intends to use the net proceeds from this offering to fund the previously announced agreement to acquire the shares of several distribution companies belonging to Specialist Distribution Group, the distribution arm of Specialist Computer Holdings PLC, a privately-held IT services company headquartered in the United Kingdom. Tech Data intends to use any remaining net proceeds from the offering for general corporate purposes. BofA Merrill Lynch, J.P. Morgan, and Citigroup acted as joint book-running managers for the offering of the Notes. 

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