Tech Data Corporation in $350 Million Debt Offering
September 21, 2012
September 21, 2012
Cleary Gottlieb represented Tech Data Corporation in the Company’s SEC-registered offering of $350 million of 3.750% senior notes due 2017. The transaction closed on September 21, 2012.
Tech Data is one of the world’s largest wholesale distributors of technology products. The Company intends to use the proceeds from the offering to fund the acquisition of Specialist Distribution Group, the distribution arm of Specialist Computer Holdings PLC, a privately-held IT services company headquartered in the United Kingdom.