debt
confidence high
sentiment neutral
materiality 0.40
Arrow Electronics expands AR securitization facility to $1.75B, extends maturity to 2029
ARROW ELECTRONICS, INC.
- Facility limit increased from $1.5B to $1.75B under Amendment No. 36 to North American Asset Securitization Facility.
- Maturity extended from September 10, 2027 to September 2, 2029.
- Step-up provision added to temporarily raise maximum permitted leverage ratio in event of material acquisitions.
- Participating banks: Bank of America, PNC, Truist, Wells Fargo, Mizuho, and Sumitomo Mitsui Banking Corporation.