secwatch.observer — SEC 8-K summary
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Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001558370-24-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Electronics enters $300M receivables purchase agreement with HSBC
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- Arrow Electronics China and Arrow/Components Agent sold up to $300M trade receivables to HSBC under limited recourse framework.
- Initial term of one year, closing occurred on December 28, 2023.
- Repurchase obligations limited to certain events; no recourse for non-payment by eligible buyers absent default.
- HSBC may terminate with 21 days' notice; Bank can reduce credit limits on 21 days' notice or immediately if buyer risk.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000155837024000014/0001558370-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000155837024000014/arw-20231227x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer