OREANDA-NEWS. Avnet, Inc. has announced the pricing of its offering of $550 million aggregate principal amount of 4.625% Notes due 2026 in a registered offering. The offering is expected to close on March 29, 2016, subject to customary closing conditions. Avnet intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include the repayment or redemption of existing debt. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mitsubishi UFJ Securities (USA), Inc. are joint book-running managers for the offering.

The notes are being offered pursuant to an effective shelf registration statement that was filed by the Company with the Securities and Exchange Commission and became effective immediately upon filing on November 13, 2015. A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the Securities and Exchange Commission.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any state or other jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or other jurisdiction.