Arrow Electronics Amended Credit Facility Increased to $1.8 Billion
December 23 2016 - 12:43PM
Business Wire
-- Maturity Extended to December 2021 --
Arrow Electronics, Inc. (NYSE:ARW) announced today that the
company has amended its revolving credit facility, extending its
maturity to December 2021 and its capacity to $1.8 billion. The
credit facility previously matured in December 2018 and totaled
$1.5 billion.
“Our ability to increase the size of our credit facility to $1.8
billion and extend the maturity reflects the strength and continued
growth of our company,” said Chris Stansbury, senior vice president
and chief financial officer. “When combined with our strong cash
flows and balance sheet, the credit facility enhances our financial
flexibility to continue to drive strategic growth.”
Arrow Electronics (www.arrow.com) is a global provider of
products, services and solutions to industrial and commercial users
of electronic components and enterprise computing solutions. Arrow
serves as a supply channel partner for more than 100,000 original
equipment manufacturers, contract manufacturers and commercial
customers through a global network of more than 460 locations
serving over 85 countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20161223005317/en/
Arrow Electronics, Inc.Contact:Steven O’Brien,
303-824-4544Vice President, Investor RelationsorMedia Contact:John
Hourigan, 303-824-4586Vice President, Global Communications
Arrow Electronics (NYSE:ARW)
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