AVNET INC (AVT) Form 8-K — Oct 15, 2026
Avnet amended its revolving credit facility on October 13, 2026, increasing aggregate commitments by $1.0 billion to $2.75 billion, with Bank of America remaining as administrative agent. The amendment also raises the maximum additional commitments the company can request to $1.0 billion and eliminates the SOFR credit spread adjustment, modestly reducing borrowing costs. Other terms, including the January 17, 2030 maturity, remain substantially unchanged.
Key figures
- Debt Amount
- 2750000000
- Maturity date
- January 17, 2030
- Level 1 pricing
- 0.100% facility fee / 0.900% margin at BBB+/Baa1/BBB+
- Securitization cap
- greater of $800,000,000 and 35% of net accounts receivable
- Commitment increase
- $1,000,000,000
- Letter of credit sublimit
- $200,000,000
- Max additional commitments
- $1,000,000,000
- Alternative currency sublimit
- $300,000,000
AI analysis
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