debt
confidence high
sentiment neutral
materiality 0.50
Avnet prices $550M 5.650% Notes due 2031 to repay credit facility and AR securitization
AVNET INC
- Priced $550M aggregate principal of 5.650% Notes due 2031 on Aug 19, 2026; closing expected Aug 24, 2026.
- Net proceeds to repay amounts owed under senior unsecured revolving credit facility and accounts receivable securitization program.
- Notes rank equally with all existing and future unsecured obligations; issued under 2010 indenture with Computershare as trustee.
- Underwriting Agreement dated Aug 19, 2026 filed as Exhibit 1.1; terms set in Officers' Certificate (Exhibit 4.1).