PHOENIX--(BUSINESS WIRE)--
Avnet, Inc. (NYSE: AVT) has announced the pricing of its offering of
$300 million aggregate principal amount of 3.750% Notes due 2021 in a
registered offering. The offering is expected to close on December 2,
2016, subject to customary closing conditions. Avnet intends to use the
net proceeds from the sale of the notes for the repayment or redemption
of existing debt. Merrill Lynch, Pierce, Fenner & Smith Incorporated,
J.P. Morgan Securities LLC and MUFG Securities Americas Inc. are joint
book-running managers for the offering.
The notes are being offered pursuant to an effective shelf registration
statement that was filed by the Company with the Securities and Exchange
Commission and became effective immediately upon filing on November 13,
2015. A preliminary prospectus supplement and accompanying prospectus
describing the terms of the offering have been filed with the Securities
and Exchange Commission.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sale of these
securities in any state or other jurisdiction in which the offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any state or other
jurisdiction.
The preliminary prospectus supplement and accompanying prospectus
relating to this offering may be obtained by contacting Merrill Lynch,
Pierce, Fenner & Smith Incorporated at (800) 294-1322 and J.P. Morgan
Securities LLC at (212) 834-4533. An electronic copy of the same may
also be obtained at no charge at the Securities and Exchange
Commission's website at www.sec.gov.
About Avnet, Inc.
From components to cloud and from design to disposal, Avnet, Inc. (NYSE:
AVT) accelerates the success of customers who build, sell and use
technology by providing a comprehensive portfolio of innovative
products, services and solutions. (AVT_IR)
View source version on businesswire.com: http://www.businesswire.com/news/home/20161130006328/en/
Avnet, Inc.
Investor Relations
Vincent Keenan, +1 480-643-7053
Vice
President, Investor Relations
vincent.keenan@avnet.com
Source: Avnet, Inc.
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