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Arrow Electronics gets 65.2% of tenders for 9.15% notes due 2010
By Susanna Moon
Chicago, Oct. 1 - Arrow Electronics Inc. said investors tendered $130,455,000, or 65.2%, of its outstanding $200 million principal amount of 9.15% senior notes due 2010.
The tender offer expired at 11:59 p.m. ET on Sept. 29.
For each $1,000 principal amount, the company will pay $1,077.50 plus accrued interest to the settlement date, which is Sept. 30.
The company said it funded the purchase of the notes with proceeds from a public offering of debt securities that closed on Sept. 30.
The industrial and commercial electronic components company is based in Melville, N.Y.
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