Avnet extends drawdown for tranche B bridge loans, cancels tranche A-1

By Marisa Wong

Morgantown, W.Va., Oct. 24 – Avnet, Inc. entered into an amendment and waiver to its senior bridge credit agreement dated July 27 with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment extends the drawdown period for tranche B bridge loans to Dec. 5.

In addition, the company terminated the tranche A-1 commitments under the bridge credit agreement, effective Oct. 24.

Avnet is a Phoenix-based distributor of electronic components, enterprise computer and storage products and IT solutions and services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.