debt
confidence high
sentiment neutral
materiality 0.50
Arrow Electronics issues $500M of 5.150% notes due 2029
ARROW ELECTRONICS, INC.
- Issued $500M aggregate principal of 5.150% notes due August 21, 2029.
- Interest payable semiannually on Feb 21 and Aug 21, starting Feb 21, 2025.
- Notes are general unsubordinated unsecured debt with customary covenants.
- Offered via BofA Securities, Goldman Sachs, Mizuho, and Scotia Capital.
- Change of control trigger requires offer to repurchase at 101% of principal.