{"schema_version":"secwatch.filing_event.v1","accession":"0000008858-25-000047","form_type":"8-K","ticker":"AVT","cik":"0000008858","company_name":"AVNET INC","filed_at":"2025-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.588068+00:00","generated_at":"2026-05-17T08:10:47.859284+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Avnet issues $650M of 1.75% convertible notes due 2030; repurchases $100M in stock","bullets":["Issued $650M aggregate principal of 1.75% Convertible Senior Notes due 2030, including full exercise of initial purchasers' option for additional $100M.","Net proceeds ~$632.8M; used $100M to repurchase ~1.92M shares of common stock concurrently.","Remaining net proceeds to repay a portion of the Company's revolving credit facility.","Initial conversion price ~$70.27 per share, ~35% premium over last reported sale price of $52.05 on Sept 2, 2025.","Notes mature Sept 1, 2030; redemption option available on/after Sept 8, 2028 under certain conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000008858-25-000047","json":"https://secwatch.observer/filing/0000008858-25-000047.json","markdown":"https://secwatch.observer/filing/0000008858-25-000047.md","text":"https://secwatch.observer/filing/0000008858-25-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8858/000000885825000047/0000008858-25-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8858/000000885825000047/avt-20250902x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T08:10:47.859284+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb4860a4b20d3070b33527e55fa058a3eb9cc22f","claim":"AVNET INC incurred convertible notes of $650.0 million with Initial Purchasers at 1.75% per year maturing September 1, 2030.","evidence_excerpt":"On September 5, 2025, Avnet, Inc. (“Avnet” or the “Company”) issued and sold $650.0 million aggregate principal amount of its 1.75% Convertible Senior Notes due 2030 (the “Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8858/000000885825000047/0000008858-25-000047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$650.0 million"},{"label":"Counterparty","value":"Initial Purchasers"},{"label":"Rate","value":"1.75% per year"},{"label":"Maturity","value":"September 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}