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Published on 4/2/2024 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

Fitch rates Arrow notes BBB-

Fitch Ratings said it rated Arrow Electronics, Inc.’s new $500 million of 5 7/8% senior unsecured notes due 2034 BBB-.

The rating aligns with those on Arrow’s outstanding senior unsecured notes.

Arrow will use the proceeds to redeem its 6.125% notes due 2026 and the rest for general corporate purposes.

The outlook is stable.


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