Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Avnet, Inc. > News item |
Avnet announces plans to sell fixed-rate notes via three bookrunners
By Devika Patel
Knoxville, Tenn., May 4 – Avnet, Inc. intends to sell fixed-rate notes (Baa3/BBB-), according to a 424B2 filing with the Securities and Exchange Commission.
The notes initially may be called with a make-whole premium and then are callable at par.
BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to redeem the company’s $300 million of 3.75% notes and for general corporate purposes.
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.