-- Maturity Extended to December 2021 --
CENTENNIAL, Colo.--(BUSINESS WIRE)--Dec. 23, 2016--
Arrow Electronics, Inc. (NYSE:ARW) announced today that the company has
amended its revolving credit facility, extending its maturity to
December 2021 and its capacity to $1.8 billion. The credit facility
previously matured in December 2018 and totaled $1.5 billion.
“Our ability to increase the size of our credit facility to $1.8 billion
and extend the maturity reflects the strength and continued growth of
our company,” said Chris Stansbury, senior vice president and chief
financial officer. “When combined with our strong cash flows and balance
sheet, the credit facility enhances our financial flexibility to
continue to drive strategic growth.”
Arrow Electronics (www.arrow.com)
is a global provider of products, services and solutions to industrial
and commercial users of electronic components and enterprise computing
solutions. Arrow serves as a supply channel partner for more than
100,000 original equipment manufacturers, contract manufacturers and
commercial customers through a global network of more than 460 locations
serving over 85 countries.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161223005317/en/
Source: Arrow Electronics, Inc.
Arrow Electronics, Inc.
Vice President, Investor Relations
John Hourigan, 303-824-4586
Vice President, Global