Arrow Electronics Extends Asset Securitization Program
September 19 2016 - 04:39PM
Business Wire
-- Facility Expanded to $910 Million --
Arrow Electronics, Inc. (NYSE:ARW) announced that the company
has amended its asset securitization program, extending maturity to
September 2019 and increasing capacity to $910 million. The program
previously matured in March 2017 and totaled $900 million. The
program is led by Bank of America, N.A., as administrative
agent.
“We are pleased to have extended and expanded our
securitization,” said Chris Stansbury, senior vice president and
chief financial officer. “Our strong balance sheet, consistent cash
flows, and enhanced liquidity facilities, such as the asset
securitization program, give us the 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/20160919006467/en/
Arrow ElectronicsSteven O’Brien, 303-824-4544Director,
Investor RelationsorMedia Contact:John Hourigan,
303-824-4586Vice President, Global Communications
Arrow Electronics (NYSE:ARW)
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