Arrow Electronics Amended Credit Facility Increased to $1.5B

Arrow Electronics 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 See full press release