AVNET INC (AVT): debt financing disclosed in 8-K

AVNET INC (AVT): debt financing — Avnet Europe borrows $150M and €100M in term loans under new credit agreement

AVNET INC

Avnet Europe entered $150M USD and €100M EUR term loan facilities on July 1, 2025.

Loans mature in three tranches: 2026 ($50M + €35M), 2027 ($50M + €35M), 2028 ($50M + €30M).

Interest rates are variable based on SOFR/EURIBOR plus spread tied to Avnet's senior unsecured debt rating.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AVNET INC incurred term loan of $150,000,000 in U.S. Dollar denominated term loans and an aggregate principal amount of €100,000,000 in Euro denominated with Bank of America, N.A., as the administrative agent at (a) the 'base rate' ... plus an 'applicable rate', (b) the SOFR daily floating r.

Instrument: term loan
Principal: $150,000,000 in U.S. Dollar denominated term loans and an aggregate principal amount of €100,000,000 in Euro denominated
Counterparty: Bank of America, N.A., as the administrative agent
Rate: (a) the 'base rate' ... plus an 'applicable rate', (b) the SOFR daily floating r
Event: incurrence

Exact text from the filing

On July 1, 2025 (the “Closing Date”), Avnet Holding Europe BV (“Avnet Europe”), as borrower, and Avnet, Inc. (“Avnet”), as guarantor, entered into a Credit Agreement (the “Credit Agreement”) with the lenders party thereto and Bank of America, N.A., as the administrative agent. On the Closing Date, Avnet Europe borrowed an aggregate principal amount of $150,000,000 in U.S. Dollar denominated term loans and an aggregate principal amount of €100,000,000 in Euro denominated term loans.

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