Avnet Inc. Announces New Convertible Senior Notes Offering and Share Repurchase Plan

Reuters

Sep 06

Avnet Inc. Announces New Convertible Senior Notes Offering and Share Repurchase Plan

Avnet Inc. has announced plans to offer $500 million in Convertible Senior Notes due 2030 in a private offering, subject to market conditions. The company has also granted initial purchasers an option to buy an additional $75 million in Notes. Avnet intends to use the proceeds to repurchase up to $100 million of its common stock and repay part of its revolving credit facility. The Notes will be senior unsecured obligations and will be offered to qualified institutional buyers under Rule 144A. The move aims to optimize Avnet's capital structure and support its financial strategies.

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: 0000008858-25-000047), on September 05, 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.

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Announces New Convertible Senior Notes Offering and Share Repurchase Plan","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Avnet Inc. Announces New Convertible Senior Notes Offering and Share Repurchase Plan\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Avnet Inc. has announced plans to offer $500 million in Convertible Senior Notes due 2030 in a private offering, subject to market conditions. The company has also granted initial purchasers an option to buy an additional $75 million in Notes. Avnet intends to use the proceeds to repurchase up to $100 million of its common stock and repay part of its revolving credit facility. The Notes will be senior unsecured obligations and will be offered to qualified institutional buyers under Rule 144A. 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