Davis Polk is advising the joint lead arrangers and bookrunners for a $3.57 billion 364-day senior secured bridge term loan facility provided to SYNNEX Corporation in connection with its proposed acquisition of Convergys Corporation. The bridge facility consists of a $1.8 billion tranche to finance the acquisition and a $1.77 billion tranche to backstop an amendment of the company’s existing secured credit agreement to permit the acquisition-related indebtedness.

SYNNEX Corporation, headquartered in Fremont, California, is a business process services company providing business-to-business services with operations in over 30 countries. 

Based in Cincinnati, Ohio, Convergys Corporation is a global leader in customer experience outsourcing, operating 136 contact centers with approximately 110,000 employees in 33 countries.

The Davis Polk finance team includes partners Jinsoo H. Kim and Jeong M. Lee, counsel David Hahn and associate Scott G. Johnsson. The corporate team includes partner Alan F. Denenberg and associate Ali Degolia. Members of the Davis Polk team are based in the New York and Northern California offices.

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