Arrow Electronics Files 8-K Report

TL;DR

Arrow Electronics just filed a material definitive agreement 8-K. Big news coming.

AI Summary

On August 21, 2024, Arrow Electronics, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes other events and financial statements/exhibits. The company is headquartered in Centennial, Colorado.

Why It Matters

This filing indicates a significant new agreement for Arrow Electronics, which could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.

Key Players & Entities

• ARROW ELECTRONICS, INC. (company) — Registrant
• August 21, 2024 (date) — Date of Report
• Centennial, CO 80112 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $1 — nge on which registered Common Stock, $1 par value ARW New York Stock Exchange
• $500,000,000 — s, Inc. (the "Company") issued and sold $500,000,000 in aggregate principal amount of its 5.

Filing Documents

• tm2422105d1_8k.htm (8-K) — 33KB
• tm2422105d1_ex1-1.htm (EX-1.1) — 131KB
• tm2422105d1_ex4-2.htm (EX-4.2) — 148KB
• tm2422105d1_ex5-1.htm (EX-5.1) — 22KB
• tm2422105d1_ex5-1img001.jpg (GRAPHIC) — 3KB
• tm2422105d1_ex5-1img002.jpg (GRAPHIC) — 2KB
• 0001104659-24-091603.txt ( ) — 579KB
• arw-20240821.xsd (EX-101.SCH) — 3KB
• arw-20240821_lab.xml (EX-101.LAB) — 33KB
• arw-20240821_pre.xml (EX-101.PRE) — 22KB
• tm2422105d1_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Offering of the Notes On August 21, 2024, Arrow Electronics, Inc. (the "Company") issued and sold $500,000,000 in aggregate principal amount of its 5.150% notes due 2029 (the "Notes") in a registered public offering pursuant to an effective Registration Statement on Form S-3 (File No. 333-277564) (the "Registration Indenture The Notes were issued pursuant to the indenture, dated as of March 1, 2024 (the "Base Indenture"), between the Company and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), as supplemented by the second supplemental indenture, dated as of August 21, 2024 (the "Second Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), between the Company and the Trustee. The Base Indenture, the Second Supplemental Indenture and the form of the Note are filed as Exhibits 4.1, 4.2 and 4.3, respectively, and are each incorporated herein by reference. The Base Indenture, the Second Supplemental Indenture and the form of the Note are also filed with reference to, and are hereby incorporated by reference in, the Registration Statement. Terms of the Notes The Notes bear interest at a rate of 5.150% per annum, payable semiannually on February 21 and August 21 of each year, commencing on February 21, 2025, and mature on August 21, 2029. The Notes are redeemable at the Company's option, in whole or in part, at any time and from time to time, at the applicable redemption price described in the Indenture. The Notes are the Company's general unsubordinated and unsecured indebtedness, and are subject to usual and customary covenants, including restrictions on liens, sale/lease-back transactions and mergers, consolidations or sales of substantially all of the Company's assets. Upon the occurrence of a Change of Control Triggering Event, as defined in the Indenture, the Company will be required to

01

Item 8.01. Other Events. Underwriting Agreement The Notes were sold pursuant to an Underwriting Agreement, dated as of August 12, 2024 (the "Underwriting Agreement"), by and among the Company and BofA Securities, Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc., as representatives of the several underwriters named therein. The Underwriting Agreement sets forth the terms and conditions pursuant to which the Company agreed to sell the Notes to the underwriters and the underwriters agreed to purchase the Notes from the Company for resale to the public in the offering. The Underwriting Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The Underwriting Agreement is also filed with reference to, and is hereby incorporated by reference in, the Registration Statement. Legal Opinion Letter In connection with the offering, a legal opinion letter of Latham & Watkins LLP regarding the validity of the Notes is attached as Exhibit 5.1 hereto. The legal opinion letter is also filed with reference to, and is hereby incorporated by reference in, the Registration Statement.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 1.1 Underwriting Agreement, dated as of August 12, 2024, by and among the Company and BofA Securities, Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc., as representatives of the underwriters. 4.1 Indenture, dated as of March 1, 2024, by and between the Company and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-3 dated March 1, 2024, Commission File No. 333-277564). 4.2 Second Supplemental Indenture, dated as of August 21, 2024, by and between the Company and U.S. Bank Trust Company, National Association, as trustee. 4.3 Form of 5.150% Note due 2029 (included in Exhibit 4.2). 5.1 Opinion of Latham & Watkins LLP. 23.1 Consent of Latham & Watkins LLP (included in their opinion filed as Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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: August 21, 2024 By: /s/ Carine L. Jean-Claude Name: Carine L. Jean-Claude Title: Senior Vice President, Chief Legal Officer and Secretary

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View this 8-K filing on SEC EDGAR