Tech Data preps note sale to fund Specialist Distribution acquisition

By Sheri Kasprzak

New York, Sept. 14 - The Tech Data Corp. is expected to come to market with senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The joint bookrunners for the offering are Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Citigroup Global Markets Inc.

Proceeds from the offering will be used to fund the purchase price of the company's Specialist Distribution Group acquisition and pay other costs associated with the acquisition, as well as for general corporate purposes.

Based in Clearwater, Fla., Tech Data is a technology products distribution company.

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