Avnet Amends Receivables Purchase Agreement, Increases Purchase Limit to $700M

Avnet, Inc. has amended its Fourth Amended and Restated Receivables Purchase Agreement, increasing the maximum purchase limit and extending the termination date of the facility. This amendment enhances the company's liquidity and financial flexibility.

Key Details

• Increased Facility Size: The maximum purchase limit under the agreement was increased by $200 million, from $500 million to $700 million.
• Extended Maturity: The termination date of the receivables facility has been extended to July 1, 2028.
• Agreement Terms: The amendment, dated July 1, 2026, also excludes certain receivables from the agreement, while other material terms remain substantially unchanged.