Avnet increases credit facility by $1 billion to $2.75 billion

Bitget2026/10/15 20:25

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Avnet increased credit commitments by $1 billion to $2.75 billion under an amendment signed October 13, 2026.
Avnet Holding Europe also signed the amendment to the Third Amended and Restated Credit Agreement dated January 17, 2025.
Bank of America serves as administrative agent under the agreement.
The amendment increased the maximum additional commitments the company can request to $1 billion.
It also eliminated the SOFR credit spread adjustment to the interest rate; other terms remain substantially unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avnet Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000008858-26-000116), on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avnet increases credit facility by $1 billion to $2.75 billion

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