secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0000008858-25-000043
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885825000043/0000008858-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885825000043/avt-20250828x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-25-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer