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Arrow Electronics to sell fixed-rate notes via four bookrunners
Chicago, Nov. 16 – Arrow Electronics, Inc. is offering fixed-rate notes in a single tranche, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday.
The notes will have a make-whole call and a par call a number of months before the maturity date.
A change-of-control triggering event would result in an offer to purchase the notes at 101.
BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. are joint bookrunners.
Hogan Lovells US LLP is advising the issuer.
Proceeds from the offering will be used to redeem all of the company’s 3.5% notes due 2022. Any remaining proceeds will be used for general corporate purposes, which may include acquisitions or the repayment of debt.
Arrow Electronics is a Centennial, Colo.-based provider of products and services to industrial and commercial users of electronic components and enterprise computing solutions.
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