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Prospect News home > News index > List of issuers A > Headlines for Avnet, Inc. > News item |
Fitch assigns BBB- to Avnet notes
Fitch Ratings said it assigned a BBB- rating to Avnet, Inc.'s senior notes offering.
The outlook is stable.
Avnet expects to use the $550 million of senior notes for general corporate purposes, which may include the repayment of $300 million 6.625% notes due September 2016 and repayment of amounts owed under Avnet's senior unsecured revolving credit facility and accounts receivable securitization program.
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