Avnet enters $1.25B senior unsecured revolving credit facility maturing 2027

AVNET INC

Five-year $1.25B revolving credit facility, with option to increase by $250M, matures Aug 2, 2027.
Facility replaces existing 2018 credit agreement; interest rate based on debt ratings grid (BBB+ to BB-).
Sublimits: $200M for letters of credit, $300M for multicurrency loans (AUD, HKD, SGD, JPY, EUR, GBP).
Loans available in USD, EUR, GBP; optional currency sublimit for AUD, HKD, SGD, JPY.
Company guarantees obligations of Avnet Europe and other subsidiary borrowers.

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