Avnet Inc. Secures $150 Million and €100 Million in New Multi-Tranche Loan Agreement with Bank of America and Other Lenders
Avnet Inc. has announced the entry into a new Credit Agreement as of July 1, 2025, involving its subsidiary, Avnet Holding Europe BV, as the borrower, and Avnet Inc. as the guarantor. The agreement, facilitated by Bank of America, N.A., as the administrative agent, includes a $150 million U.S. Dollar denominated term loan and a €100 million Euro denominated term loan. These loans are divided into tranches with different maturity dates: $50 million in U.S. Dollars and €35 million in Euros maturing on June 30, 2026; another $50 million in U.S. Dollars and €35 million in Euros maturing on June 30, 2027; and the final $50 million in U.S. Dollars and €30 million in Euros maturing on June 30, 2028. This agreement continues Avnet's strategic financial partnerships with lenders who have previously provided investment and commercial banking services.
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