S&P rates Arrow Electronics notes BBB-

Standard & Poor's said it assigned its BBB- issue-level rating to Arrow Electronics Inc.'s $250 million senior notes due 2015 and $250 million senior notes due 2021.

The outlook is stable.

Proceeds will be used for recently closed and pending acquisitions and for general corporate purposes. Pending such uses, net proceeds may be used to repay outstanding debt under Arrow's $800 million revolving credit facility and $300 million asset securitization program.

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