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.
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: 0000008858-25-000021), on July 03, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.