Avnet Completes $550 Million 5.650% Senior Notes Offering due 2031

"Simpson Thacher & Bartlett represented the underwriters led by BofA Securities, J.P. Morgan and MUFG in Avnet, Inc.’s registered offering of $550 million 5.650% Senior Notes due 2031. Avnet expects to use proceeds to repay amounts under its senior unsecured revolving credit facility and its accounts receivable securitization program."

Simpson Thacher & Bartlett represented the underwriters, led by BofA Securities, J.P. Morgan and MUFG, in a registered offering by Avnet, Inc. of $550 million aggregate principal amount of 5.650% Senior Notes due 2031. The notes offering was registered by Avnet and raised $550 million in aggregate principal. Avnet expects to use the net proceeds from the offering to repay amounts owed under its senior unsecured revolving credit facility and its accounts receivable securitization program. Avnet is a global electronic component technology distributor and solutions provider, founded in 1921, serving customers in more than 140 countries across every major technology segment. Simpson Thacher & Bartlett represented the underwriters led by BofA Securities, J.P. Morgan and MUFG with a team composed by: Roxane Reardon, Matt Hart, Deane Ciampa and Susie Qu (Capital Markets); Edward Grais (Tax); J. Pasco Struhs (Employee Compensation and Benefits); George Gerstein (ERISA); Alysha Sekhon (Intellectual Property); and Andrew Pagliughi (FINRA/Blue Sky).

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Avnet Completes $550 Million 5.650% Senior Notes Offering due 2031

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Avnet Completes $550 Million 5.650% Senior Notes Offering due 2031

Read the full story

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