Avnet increases credit facility by $1 billion to $2.75 billion
Bitget2026/10/15 20:25- Avnet increased credit commitments by $1 billion to $2.75 billion under an amendment signed October 13, 2026.
- Avnet Holding Europe also signed the amendment to the Third Amended and Restated Credit Agreement dated January 17, 2025.
- Bank of America serves as administrative agent under the agreement.
- The amendment increased the maximum additional commitments the company can request to $1 billion.
- It also eliminated the SOFR credit spread adjustment to the interest rate; other terms remain substantially unchanged.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ—US Stock Market Updates: CoreWeave, Travelers, Tesla
Bank of America Hartnett: "Still inclined toward risk aversion" in the coming weeks, as US Treasuries set a four-year record for longest inflow streak
U.S. equity funds attracted $39 billion in inflows in a single week, pushing the annualized scale toward a historic high, while U.S. Treasuries also saw capital inflows for 16 consecutive weeks. However, Bank of America strategist Hartnett warns that due to rising real yields, the performance of AI and banking stocks, and the volatility of the midterm elections, there is still a preference for risk aversion in the coming weeks.
Crypto prices
More
