08/13/2024 | Press release | Distributed by Public on 08/13/2024 15:25
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Per note
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Total
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Public offering price(1)
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| | | | 99.904% | | | | | $ | 499,520,000 | | |
Underwriting discount
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| | | | 0.600% | | | | | $ | 3,000,000 | | |
Proceeds, before expenses, to Arrow Electronics, Inc.(1)
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| | | | 99.304% | | | | | $ | 496,520,000 | | |
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BofA Securities
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Goldman Sachs & Co. LLC
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| | Mizuho | | | Scotiabank | |
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US Bancorp
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ING
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Page
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Prospectus Supplement
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-ii | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | S-ii | | |
FORWARD-LOOKING STATEMENTS
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| | | | S-iv | | |
SUMMARY
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| | | | S-1 | | |
THE OFFERING
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| | | | S-2 | | |
RISK FACTORS
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| | | | S-4 | | |
USE OF PROCEEDS
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| | | | S-6 | | |
CAPITALIZATION
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| | | | S-7 | | |
DESCRIPTION OF THE NOTES
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| | | | S-8 | | |
BOOK ENTRY; DELIVERY AND FORM
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| | | | S-21 | | |
MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS
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| | | | S-24 | | |
UNDERWRITING
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| | | | S-29 | | |
VALIDITY OF THE NOTES
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| | | | S-33 | | |
EXPERTS
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| | | | S-33 | | |
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Page
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Prospectus
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | 2 | | |
FORWARD-LOOKING STATEMENTS
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| | | | 3 | | |
ARROW ELECTRONICS, INC.
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| | | | 4 | | |
RISK FACTORS
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| | | | 5 | | |
USE OF PROCEEDS
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| | | | 6 | | |
DESCRIPTION OF DEBT SECURITIES
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| | | | 7 | | |
DESCRIPTION OF CAPITAL STOCK
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| | | | 14 | | |
DESCRIPTION OF WARRANTS
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| | | | 16 | | |
GLOBAL SECURITIES
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| | | | 17 | | |
SELLING SECURITY HOLDERS
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| | | | 21 | | |
PLAN OF DISTRIBUTION
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| | | | 22 | | |
LEGAL MATTERS
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| | | | 23 | | |
EXPERTS
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| | | | 23 | | |
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June 29, 2024
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Actual
(unaudited) |
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As Adjusted
(unaudited) |
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(dollars in millions)
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Cash and cash equivalents
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| | | $ | 213 | | | | | $ | 208 | | |
Short-term debt: | | | | | | | | | | | | | |
3.250% notes due 2024
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| | | | 500 | | | | | | - | | |
4.000% notes due 2025
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| | | | 350 | | | | | | 350 | | |
Other short-term borrowings
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| | | | 11 | | | | | | 11 | | |
Total Short-term borrowings, including current portion of long-term debt
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| | | | 861 | | | | | | 361 | | |
Long-term debt: | | | | | | | | | | | | | |
North American asset securitization program
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| | | | 860 | | | | | | 860 | | |
Revolving credit facility
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| | | | - | | | | | | - | | |
7.500% senior debentures due 2027
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| | | | 110 | | | | | | 110 | | |
3.875% notes due 2028
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| | | | 497 | | | | | | 497 | | |
2.950% notes due 2032
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| | | | 495 | | | | | | 495 | | |
5.875% notes due 2034
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| | | | 495 | | | | | | 495 | | |
5.150% notes due 2029 offered hereby
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| | | | - | | | | | | 495(a) | | |
Other obligations with various interest rates and due dates
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| | | | 22 | | | | | | 22 | | |
Total long-term debt
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| | | | 2,479 | | | | | | 2,974 | | |
Total debt
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| | | $ | 3,340 | | | | | $ | 3,335 | | |
Total shareholders' equity
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| | | | 5,743 | | | | | | 5,743 | | |
Total capitalization
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| | | $ | 9,083 | | | | | $ | 9,078 | | |
Underwriter
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Principal amount
of notes |
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BofA Securities, Inc.
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| | | $ | 112,500,000 | | |
Goldman Sachs & Co. LLC
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| | | $ | 112,500,000 | | |
Mizuho Securities USA LLC
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| | | $ | 112,500,000 | | |
Scotia Capital (USA) Inc.
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| | | $ | 112,500,000 | | |
U.S. Bancorp Investments, Inc.
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| | | $ | 25,000,000 | | |
ING Financial Markets LLC
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| | | $ | 25,000,000 | | |
Total | | | | $ | 500,000,000 | | |
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Page
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| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 2 | | |
FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
ARROW ELECTRONICS, INC.
|
| | | | 4 | | |
RISK FACTORS
|
| | | | 5 | | |
USE OF PROCEEDS
|
| | | | 6 | | |
DESCRIPTION OF DEBT SECURITIES
|
| | | | 7 | | |
DESCRIPTION OF CAPITAL STOCK
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| | | | 14 | | |
DESCRIPTION OF WARRANTS
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| | | | 16 | | |
GLOBAL SECURITIES
|
| | | | 17 | | |
SELLING SECURITY HOLDERS
|
| | | | 21 | | |
PLAN OF DISTRIBUTION
|
| | | | 22 | | |
LEGAL MATTERS
|
| | | | 23 | | |
EXPERTS
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| | | | 23 | | |