Fitch assigns BBB- to Arrow notes

Fitch Ratings said it assigned a BBB- rating to Arrow Electronics, Inc.'s senior notes offering.

Pro forma for the issuance, the agency ratings affect $4 billion of debt, including the undrawn $1.5 billion revolving credit facility.

The outlook is stable.

Arrow will use $700 million of senior notes to repay $250 million of senior notes due Nov. 1, 2015 and for other general corporate purposes, which may include acquisitions or further debt reduction.

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