Tech Data Corporation
TECD, a leading distributor of technology products, today announced
the pricing of its public offering of $350,000,000 aggregate principal amount
of 3.750% Senior Notes due 2017. The offering is expected to close on or about
September 21, 2012.
Tech Data expects to receive net proceeds from this offering of approximately
$346 million, after deducting underwriting discounts and estimated offering
expenses. Tech Data intends to use the net proceeds 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 for
general corporate purposes.
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