Arrow Electronics Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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| Item 1.01. | Entry into a Material Definitive Agreement. |
Amendment of North American Asset Securitization Facility
On September 10, 2024, Arrow Electronics, Inc. (the “Company”) entered into Amendment No. 35 (the “Amendment”) to that certain Transfer and Administration Agreement dated as of March 21, 2001, by and among the parties from time to time party thereto, which governs the Company’s existing domestic accounts-receivables securitization facility (the “North American Asset Securitization Facility”). Pursuant to the Amendment, (i) the maturity of the North American Asset Securitization Facility was extended from September 20, 2025, to September 10, 2027, and (ii) the parties made certain other modifications. The following banks are participating in the North American Asset Securitization Facility: Bank of America, National Association; Mizuho Bank, Ltd.; PNC Bank, National Association; Wells Fargo Bank, N.A.; Truist Bank; and Sumitomo Mitsui Banking Corporation.
The foregoing description of the Amendment does not purport to be complete, and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. |
The disclosures set forth in Item 1.01 above are incorporated herein by reference in their entirety.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number |
Description | |
| 10.1 | Amendment No. 35, dated as of September 10, 2024, to the Transfer and Administration Agreement dated March 21, 2001. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ARROW ELECTRONICS, INC. | |||
| Date: | September 10, 2024 | By: | /s/ Carine Jean-Claude |
| Name: | Carine L. Jean-Claude | ||
| Title: | Senior Vice President, Chief Legal Officer and Secretary | ||