Avnet Announces New Five-Year $1.0B Senior Unsecured Credit Facility

Avnet, Inc. (NYSE: AVT) announced today that it has entered into a five-year $1.0 billion senior unsecured revolving credit facility. The facility includes a $250 million accordion feature allowing Avnet to increase its borrowing capacity to up to $1.25 billion, subject to certain conditions. The facility is scheduled to mature on November 18, 2016 and replaces Avnet's existing credit facility dated as of September 27, 2007.