Avnet, Inc. announced on October 13, 2026, that it has entered into Amendment No. 3 to its Third Amended and Restated Credit Agreement. The agreement was amended with Avnet Holding Europe BV, Bank of America, N.A. serving as the administrative agent, and the lenders party to the original agreement.
The amendment modifies the terms of the credit facility originally dated January 17, 2025. The primary changes include a $1 billion increase in the aggregate commitments, bringing the total commitment amount to $2.75 billion. The amendment also raises the maximum amount of additional commitments the company may request to $1 billion. Additionally, the amendment eliminates the SOFR credit spread adjustment to the interest rate.
Avnet stated that the other terms of the Credit Agreement remain substantially the same as under the previously effective agreement. The full text of the amendment is filed as Exhibit 10.1 to this Form 8-K.
