Synnex to sell $100 million convertibles

New York, May 5 - Synnex Corp. announced a $100 million offering of convertible senior notes due 2018.

The deal will be sold under Rule 144A.

There is a $15 million greenshoe.

The notes will have net share settlement.

Proceeds will be used for general corporate purposes and to repay bank debt.

No further details were available at press time.

Synnex is a Fremont, Calif., business process services company providing outsourced information technology services.

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