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JPMorgan Chase Agents Arrow Electronics’ Facility Increase to $1.5B

December 19, 2013, 07:48 AM
Filed Under: Manufacturing

Arrow Electronics, Inc. announced that the company has amended its credit facility, extending its maturity to December 2018 and its capacity to $1.5 billion. The credit facility previously matured in August 2016 and totaled $1.2 billion. An SEC 8-K filing notes that JPMorgan Chase Bank served as administrative agent on the facility amendment. Click here to view the amendment.

"Our ability to increase the size of our credit facility to $1.5 billion and extend the maturity reflects the strength of our company," said Paul J. Reilly, executive vice president, finance and operations, and chief financial officer. "When combined with our strong cash flows and balance sheet, the credit facility enhances our financial flexibility to continue to drive strategic growth."

Arrow Electronics 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 470 locations in 55 countries.

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