Avnet enters $1.5 billion five-year senior unsecured revolving credit facility
On January 17, 2025, Avnet and Avnet Holding Europe BV entered into a Third Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent, replacing and extending the company's August 2, 2022 credit agreement. The facility provides a five-year $1.5 billion senior unsecured revolving credit line maturing January 17, 2030, and is a financing arrangement rather than a change in operations.
Key points
- Facility size is $1,500,000,000, with an option to increase commitments by up to $250,000,000 if no event of default exists and other conditions are met
- Maturity date is January 17, 2030
- Sublimits include $200 million for Dollar letters of credit, $300 million for loans in other approved currencies, and $125 million each for U.S. Dollar and Euro swingline loans
- Avnet has guaranteed the obligations of Avnet Europe under the agreement
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 21, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.