Cleary Gottlieb represented Tech Data Corp. (Tech Data) in the refinancing of its term loan credit facility.
The facility size is $300 million, which may be increased up to a total of $500 million, and has a maturity date of August 2, 2021. Mizuho Bank, Ltd. serves as administrative agent.
The transaction closed on August 2, 2019.
Tech Data is one of the world’s largest wholesale distributors of technology products, services, and solutions.