Avnet – Avnet announces proposed convertible senior notes offering

PHOENIX–(BUSINESS WIRE)– Avnet, Inc. (Nasdaq: AVT) (“Avnet” or the “Company”) today announced that it intends to offer in a private offering, subject to market and other conditions, $500.0 million aggregate principal amount of Convertible Senior Notes due 2030 (the “Notes”). 

Avnet also expects to grant to the initial purchasers of the Notes an option to purchase up to an additional $75.0 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued.

The Notes will be Avnet’s senior unsecured obligations.

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