Arrow Electronics Enters Material Definitive Agreement

TL;DR

Arrow Electronics just signed a new deal creating a financial obligation.

AI Summary

On September 10, 2024, Arrow Electronics, Inc. entered into a material definitive agreement related to a financial obligation. The filing details the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial obligations are provided within the filing.

Why It Matters

This filing indicates Arrow Electronics is undertaking a new financial commitment, which could impact its balance sheet and future financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk if not managed effectively.

Key Players & Entities

• Arrow Electronics, Inc. (company) — Registrant
• September 10, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1 — e on which registered Common Stock, $1 par value ARW New York Stock Exchange

Filing Documents

• tm2423611d1_8k.htm (8-K) — 27KB
• tm2423611d1_ex10-1.htm (EX-10.1) — 945KB
• tm2423611d1_ex10-1img001.jpg (GRAPHIC) — 21KB
• 0001104659-24-098636.txt ( ) — 1348KB
• arw-20240910.xsd (EX-101.SCH) — 3KB
• arw-20240910_lab.xml (EX-101.LAB) — 33KB
• arw-20240910_pre.xml (EX-101.PRE) — 22KB
• tm2423611d1_8k_htm.xml (XML) — 3KB

01

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.

03

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.

Financial Statements and Exhibits

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

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

View Full Filing

View this 8-K filing on SEC EDGAR