Avnet enters $1.5B credit facility maturing 2030, replacing 2022 agreement

AVNET INC

New $1.5B senior unsecured revolving facility matures Jan 17, 2030; option to increase by $250M.
Facility replaces Second Amended Credit Agreement dated Aug 2, 2022; Avnet Europe is borrower, Avnet guarantees.
Interest rate based on debt ratings; SOFR, base rate options; sublimits for letters of credit and swingline loans.
Lenders include Bank of America, BNP Paribas, JPMorgan, MUFG, Scotiabank, Truist as co-syndication agents.

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