Avnet temporarily raises max leverage ratio to 5.00x through March 2026

AVNET INC

Max consolidated leverage ratio increased from 4.00x to 5.00x for fiscal quarters ending Sep 2025 through Mar 2026.
Ratio steps down to 4.50x for fiscal quarter ending Jun 2026, returning to 4.00x thereafter.
During relief period, Avnet may continue ordinary-course dividends (no increase) and repurchase up to $100M of common stock.
Restricted payments otherwise prohibited until leverage ratio returns to 4.00x.

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