Arrow Electronics issues $500M of 5.875% notes due 2034

ARROW ELECTRONICS, INC.

Issued $500M in aggregate principal of 5.875% notes maturing April 10, 2034.
Interest payable semiannually on April 10 and October 10, starting Oct 10, 2024.
Notes are redeemable at Arrow's option; subject to change-of-control repurchase at 101%.
Underwriters include J.P. Morgan, BNP Paribas, and HSBC as representatives.
Notes are unsecured, general obligations; issued under indenture with U.S. Bank Trust.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ARROW ELECTRONICS, INC. entered into First Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 (effective 2024-04-10).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500,000,000
Effective: 2024-04-10

Exact text from the filing

The Notes were issued pursuant to the indenture, dated as of March 1, 2024 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as supplemented by the first supplemental indenture, dated as of April 10, 2024 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between the Company and the Trustee.

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Source: SEC EDGAR

accession 0001104659-24-045811

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