Avnet raises revolving credit commitments by $1B to $2.75B, drops SOFR spread adjustment

AVNET INC

Amendment No. 3, dated October 13, 2026, amends the Third Amended and Restated Credit Agreement dated January 17, 2025, with Bank of America as administrative agent.
Aggregate commitments increase by $1,000,000,000 to a total of $2,750,000,000, with new lenders joining the facility.
Maximum additional commitments available under Section 2.15 rises to $1,000,000,000; the new increase does not consume that accordion.
SOFR credit spread adjustment is eliminated; pricing and maturity otherwise match existing commitments.
Borrowers are Avnet, Inc. and Avnet Holding Europe BV; Avnet certified no Default or Event of Default after giving effect to the increase.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.