Avnet, Inc. filed a current report on Form 8-K on August 21, 2026, disclosing that it priced a public offering of $550 million in aggregate principal amount of 5.650% Notes due 2031, with the offering expected to close on August 24, 2026.

Key Highlights

  • Offering size: $550 million in aggregate principal amount of 5.650% Notes due 2031.
  • Interest rate: Notes will accrue interest at a rate of 5.650% from the date of issuance.
  • Pricing date: The offering was priced on August 19, 2026, with closing expected on August 24, 2026.
  • Use of proceeds: Avnet expects to use net proceeds to repay amounts owed under its senior unsecured revolving credit facility and its accounts receivable securitization program.
  • Ranking: The Notes will rank equally with all of the company's other existing and future unsecured obligations.
  • Legality opinion: The opinion regarding the legality of the Notes was provided by Michael R. McCoy, Senior Vice President, General Counsel and Chief Legal Officer of the company.

Avnet Discloses Terms and Intended Use of 5.650% Senior Notes

According to the filing, Avnet, Inc. (NASDAQ:AVT) priced a public offering of $550 million in aggregate principal amount of 5.650% Notes due 2031 on August 19, 2026. The offering was made pursuant to an Underwriting Agreement dated August 19, 2026, by and among the company and the representatives of the several underwriters listed therein. The offering was registered on a Registration Statement on Form S-3 (File No. 333-298324), which the company reported was filed with the Securities and Exchange Commission on August 14, 2026.

The filing states that the Notes are being issued pursuant to an Indenture dated as of June 22, 2010, by and between the company and Computershare Trust Company, National Association, as successor to Wells Fargo Bank, National Association, as trustee, together with an Officers' Certificate setting forth the terms of the Notes. The company disclosed that the Notes will rank equally with all of its other existing and future unsecured obligations and will accrue interest from the date of issuance at a rate of 5.650%.

Avnet reported that it expects to use the net proceeds from the offering to repay amounts owed under its senior unsecured revolving credit facility and its accounts receivable securitization program. The filing was signed on August 21, 2026, by Kenneth A. Jacobson, Chief Financial Officer of Avnet, Inc.

What Was Disclosed

Avnet disclosed the pricing of $550 million in 5.650% Notes due 2031, the intended use of proceeds to repay existing credit facilities, and the expected closing date of August 24, 2026, along with the related underwriting and indenture arrangements.