secwatch.observer — SEC 8-K summary
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Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K
Filed at:   2021-09-10T23:59:59+00:00
Accession:  0001104659-21-114681
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Electronics enters $2B amended credit facility maturing 2026, drops interest coverage covenant
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- New $2B revolving credit facility matures September 9, 2026, replacing 2018 agreement.
- Deleted minimum interest coverage ratio covenant; increased thresholds in covenants.
- Pricing based on credit ratings; margins 0.900%-1.600% for benchmark loans, zero floor for ABR.
- Includes LIBOR replacement language; loans available in USD, GBP, EUR, HKD, SEK.
- Guaranteed by domestic subsidiaries; includes leverage ratio test and other covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000110465921114681/0001104659-21-114681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000110465921114681/tm2127299d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-114681

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