Avnet, Inc. announced the pricing of a public offering of $550 million in senior unsecured notes. The company intends to use the net proceeds to repay outstanding balances under its senior unsecured revolving credit facility and its accounts receivable securitization program.
Key Details
- Offering Size: $550 million in aggregate principal amount.
- Note Terms: The notes will carry an interest rate of 5.650% and are scheduled to mature in 2031.
- Use of Proceeds: To repay amounts owed under the company's existing credit facilities.
- Timeline: The offering was priced on August 19, 2026, and is expected to close on August 24, 2026.