Avnet amends credit agreement, raising commitments by $1.0 billion to $2.75 billion
Avnet and Avnet Holding Europe BV signed Amendment No. 3 to the company's credit agreement on October 13, 2026, with Bank of America, N.A. as administrative agent. The amendment increases total commitments by $1.0 billion to $2.75 billion and raises the maximum additional commitments the company can request to $1.0 billion. For shareholders, it expands the company's available borrowing capacity under the facility, and the filing states that other terms remain substantially the same.
Key points
- Total commitments under the credit agreement increase by $1.0 billion to $2.75 billion.
- Maximum additional commitments the company can request rise to $1.0 billion.
- The SOFR credit spread adjustment to the interest rate is eliminated.
- The amendment is dated October 13, 2026 and is filed as Exhibit 10.1; the original agreement is dated January 17, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 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 October 15, 2026.
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.