Synnex plans to redeem all 4% convertibles remaining after put option

By Tali David

Minneapolis, April 16 - Synnex Corp. plans to redeem all of its outstanding 4% convertible senior notes due 2018 following a put option, according to a press release.

Any notes that are not surrendered for repurchase prior to 5 p.m. ET on May 14, or converted before 5:00 p.m. ET on May 17, will be redeemed at par plus accrued interest on May 20.

U.S. Bank NA is the trustee and paying agent.

Synnex is a Fremont, Calif.-based business process services company.

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