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Avnet To Offer $500 Million Of Sr. Notes

September 02, 2025 — 07:37 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Avnet, Inc. (AVT) Tuesday said it intends to offer $500 million of convertible senior notes due 2030.

Avnet also expects to grant to the initial purchasers of the notes an option to purchase up to an additional $75 million of notes.

Avnet intends to use about $100 million of the proceeds from the offering to buy back its shares, and the remaining to repay debts.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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