Arrow Electronics Amended Credit Facility Increased to $2 Billion
CENTENNIAL, Colo.--(BUSINESS WIRE)--Dec 18, 2018--Arrow Electronics, Inc. (NYSE:ARW) announced today that the company has amended its revolving credit facility, extending its maturity to December 2023 and its capacity to $2 billion. The credit facility previously matured in December 2021 and totaled $1.8 billion.
“The extension and expansion of our revolving credit facility is part of our proactive liquidity management, and reflects the strength 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.”
Arrow Electronics guides innovation forward for over 150,000 of the world’s leading manufacturers of technology used in homes, business and daily life. With 2017 sales of $26.6 billion, Arrow aggregates electronics and enterprise computing solutions for customers and suppliers in industrial and commercial markets. The company maintains a network of more than 345 locations serving over 80 countries. Learn more at FiveYearsOut.com.
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CONTACT: Arrow Electronics, Inc.
Steven O’Brien, 303-824-4544
Vice President, Investor Relations
John Hourigan, 303-824-4586
Vice President, Global Communications
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE TELECOMMUNICATIONS OTHER TECHNOLOGY SECURITY SEMICONDUCTOR VOIP
SOURCE: Arrow Electronics, Inc.
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PUB: 12/18/2018 08:00 AM/DISC: 12/18/2018 08:01 AM