---
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"
generated_at: "2026-05-17T08:10:47.859284+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Avnet issues $650M of 1.75% convertible notes due 2030; repurchases $100M in stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008858-25-000047
- JSON: https://secwatch.observer/filing/0000008858-25-000047.json
- Plain text: https://secwatch.observer/filing/0000008858-25-000047.txt

## Key facts
- Debt Financings
  AVNET INC incurred convertible notes of $650.0 million with Initial Purchasers at 1.75% per year maturing September 1, 2030.
  - Instrument: convertible notes
  - Principal: $650.0 million
  - Counterparty: Initial Purchasers
  - Rate: 1.75% per year
  - Maturity: September 1, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/8858/000000885825000047/0000008858-25-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.