By Natalie Weger
Arrow Electronics said it entered into a $2 billion credit agreement, amending the electronic components provider's existing credit facility.
The company's new agreement matures on June 27, 2030, and interests and fees under the agreement will be payable on a quarterly basis, according to a filing with the Securities and Exchange Commission on Friday.
Interest on borrowings under the agreement will be calculated using a base rate and an application margin ranging from 0% to 1.63%. The agreement requires Arrow Electronics to pay additional customary fees and expenses, including facility fees.
The Centennial, Colo., company will use JPMorgan Chase Bank as an administrative agent for the agreement.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
June 27, 2025 16:43 ET (20:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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