CENTENNIAL, Colo.--(BUSINESS WIRE)--Jun. 26, 2018--
Arrow Electronics, Inc. (NYSE:ARW) announced that the company has
amended its asset securitization program, extending maturity to June
2021 and increasing capacity to $1.2 billion. The program previously
matured in September 2019 and totaled $910 million. The program is led
by Bank of America, N.A., as administrative agent, and Mizuho Bank, Ltd.
as Structuring Agent.
“We are pleased to have extended and expanded our securitization,” said
Chris Stansbury, senior vice president and chief financial officer. “Our
leading position in the technology solutions marketplace, strong balance
sheet, and enhanced liquidity facilities, such as the asset
securitization program, give us the financial flexibility to continue to
drive strategic growth.”
Arrow Electronics guides innovation forward for over 150,000 of the
world’s leading manufacturers of technology used in homes, business and
daily life. With 2017 sales of $26.6 billion, Arrow aggregates
electronics and enterprise computing solutions for customers and
suppliers in industrial and commercial markets. The company maintains a
network of more than 345 locations serving over 80 countries. Learn more
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Source: Arrow Electronics, Inc.
Arrow Electronics, Inc.
Steven O’Brien, 303-824-4544
President, Investor Relations
Vice President, Global Communications