SYNNEX Canada Completes Securitization

On November 30, 2005, SYNNEX Canada Ltd., a subsidiary of SYNNEX Corp—a global information technology supply chain services company—entered into a one-year revolving accounts receivable securitization program in Canada, which provides for the sale of up to $100 million of Canadian trade accounts receivable to Royal Bank of Canada on a fully serviced basis.

SYNNEX was represented in-house by Simon Leung, general counsel, and by Gowling Lafleur Henderson LLP with a team that included John Ross and Eric Nazzer (structured finance), David Cohen (insolvency) and Cameron Ferris (corporate) in Toronto, David Petras, Bryce Kraeker and Rosa Lupo (corporate) in Kitchener, and John Penhale (structured finance) in Montreal.

Royal Bank of Canada was represented by Osler, Hoskin & Harcourt LLP with a team that included Peter Milligan and Lisa Shostack (securitization) and Danna Donald and Constantine Troulis (financial services).