PHOENIX - Avnet, Inc. (NYSE: AVT) has announced the pricing of its offering of $550 million aggregate principal amount of 4.625% Notes due 2026 in a registered offering. The offering is expected to close on March 29, 2016, subject to customary closing conditions. Avnet intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include the repayment or redemption of existing debt. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mitsubishi UFJ Securities (USA), Inc. are joint book-running managers for the offering.
AVT-PR-Avnet Announces Pricing of $550 Million in Aggregate Principal
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