Arrow Electronics Amended Credit Facility Increased to $1.5B
Arrow Electronics (NYSE: ARW) announced that the company has
amended its credit facility, extending its maturity to December 2018 and
its capacity to $1.5 billion. The credit facility previously matured in
August 2016 and totaled $1.2 billion.
"Our ability to increase the size of our credit facility to $1.5 billion
and extend the maturity reflects the strength of our company," said Paul
J. Reilly, executive vice president, finance and operations, and chief
financial officer. "When combined with our strong cash flows and balance
sheet, the credit facility enhances our financial flexibility to
continue to drive strategic growth."
Arrow Electronics (www.arrow.com)
is a global provider of products, services