ARROW ELECTRONICS, INC. (NYSE:ARW) Files An 8-K Entry into a Material Definitive AgreementITEM 1.01. Entry into a Material Definitive Agreement.
ARROW ELECTRONICS, INC. (NYSE:ARW) Files An 8-K Entry into a Material Definitive Agreement
On June 1, 2017, Arrow Electronics, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC, as the underwriters named therein (together, the “Underwriters”), to sell to the Underwriters, who severally have agreed to purchase, $500 million aggregate principal amount of the Company’s 3.875% Notes due January 12, 2028 (the “Notes”). The Notes were registered under the Securities Act of 1933, as amended (the “Securities Act”), to the Company’s registration statement on Form S-3 (File No. 333-207042) filed with the Securities and Exchange Commission (the “Commission”) on September 21, 2015, as amended by Post-Effective Amendment No.1 filed with the Commission on June 1, 2017.
The Underwriting Agreement contains customary representations, warranties and covenants by the Company, and customary closing conditions, indemnification rights and termination provisions.
The sale of the Notes is expected to close on June 12, 2017, subject to the satisfaction of the closing conditions set forth in the Underwriting Agreement. The Notes will be issued under an Indenture, dated as of June 1, 2017, between the Company and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by a Supplemental Indenture, to be dated as of June 12, 2017, between the Company and the Trustee.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits>
1.1 Underwriting Agreement, dated as of June 1, 2017, among Arrow Electronics, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC, as the underwriters named therein.
About ARROW ELECTRONICS, INC. (NYSE:ARW)
Arrow Electronics, Inc. is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Company operates in two segments: Global Components and Global Enterprise Computing Solutions. The Company distributes electronic components to original equipment manufacturers and contract manufacturers through its Global Components segment and provides enterprise computing solutions to value-added resellers (VARs) through its Global Enterprise Computing Solutions segment. The Company’s Global Enterprise Computing Solutions segment’s portfolio of computing solutions includes datacenter, cloud, security and analytics solutions. ARROW ELECTRONICS, INC. (NYSE:ARW) Recent Trading Information
ARROW ELECTRONICS, INC. (NYSE:ARW) closed its last trading session down -0.12 at 76.43 with 590,655 shares trading hands.
Arrow Electronics, Inc. is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Company operates in two segments: Global Components and Global Enterprise Computing Solutions. The Company distributes electronic components to original equipment manufacturers and contract manufacturers through its Global Components segment and provides enterprise computing solutions to value-added resellers (VARs) through its Global Enterprise Computing Solutions segment. The Company’s Global Enterprise Computing Solutions segment’s portfolio of computing solutions includes datacenter, cloud, security and analytics solutions. ARROW ELECTRONICS, INC. (NYSE:ARW) Recent Trading Information
ARROW ELECTRONICS, INC. (NYSE:ARW) closed its last trading session down -0.12 at 76.43 with 590,655 shares trading hands.