secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001104659-22-085620
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000110465922085620/0001104659-22-085620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000110465922085620/tm2222423d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-085620

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