Avnet prices $500M offering of 6.250% Notes due 2028; proceeds to repay credit facilities

AVNET INC

Avnet priced $500M in aggregate principal of 6.250% Notes due 2028 under a registered S-3 shelf offering.
Net proceeds will be used to repay senior unsecured revolving credit facility and accounts receivable securitization program.
The offering is expected to close on March 9, 2023; interest accrues from issuance date.

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