secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2021-08-18T23:59:59+00:00
Accession:  0001104659-21-107076
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet extends receivables securitization to Aug 2023, cuts borrowing spread by 30 bps
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- Extended term of trade receivables securitization program to August 31, 2023 from prior expiry of August 31, 2021.
- Reduced applicable spread on borrowings from 1.05% to 0.75%, a decrease of 30 basis points.
- Lowered unused fee rate from a range of 0.30%-0.40% to 0.25%-0.35%, depending on outstanding amounts.
- Amendment involves Avnet Receivables Corp., Avnet Inc., and Wells Fargo Bank as agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000110465921107076/0001104659-21-107076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000110465921107076/tm2125327d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-107076

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