OREANDA-NEWS. September 20, 2016.
Arrow Electronics, Inc. (NYSE:ARW) announced that the company has
amended its asset securitization program, extending maturity to
September 2019 and increasing capacity to
\\$910 million. The program
previously matured in
March 2017 and totaled
\\$900 million. The program
is led by
Bank of America, N.A., as administrative agent.
“We are pleased to have extended and expanded our securitization,” said
Chris Stansbury, senior vice president and chief financial officer. “Our
strong balance sheet, consistent cash flows, and enhanced liquidity
facilities, such as the asset securitization program, give us the
financial flexibility to continue to drive strategic growth.”
Arrow Electronics (www.arrow.com)
is a global provider of products, services and solutions to industrial
and commercial users of electronic components and enterprise computing
solutions. Arrow serves as a supply channel partner for more than
100,000 original equipment manufacturers, contract manufacturers and
commercial customers through a global network of more than 460 locations
serving over 85 countries.
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