Issuer: |
Avnet, Inc. | |
Title of Securities: |
5.875% Notes due 2014 | |
Security Type: |
Senior Unsecured Note | |
Ratings: |
Ba1 / BBB- (Positive / Stable) | |
Trade Date: |
March 2, 2007 | |
Settlement Date (T+3) |
March 7, 2007 | |
Maturity Date: |
March 15, 2014 | |
Aggregate Principal Amount Offered: |
$300,000,000 | |
Price to Public (Issue Price): |
$299,484,000 total (99.828% per Note) | |
Net Proceeds to Issuer: |
$297,084,000 | |
Coupon: |
5.875% | |
Yield to Maturity: |
5.905% | |
Benchmark Treasury: |
UST 4.000% 02/15/2014 | |
Benchmark Treasury Yield: |
4.505% | |
Spread to Benchmark Treasury |
+140 bps | |
Interest Rate: |
5.875% per annum | |
Interest Payment Dates: |
Semi-annually on each September 15 | |
and March 15, commencing September 15, 2007 | ||
Optional Redemption Reinvestment Rate: |
0.25% | |
Joint Book-running Managers: |
Banc of America Securities LLC | |
Credit Suisse Securities (USA) LLC | ||
Senior Co-Managers: |
ABN AMRO Incorporated | |
BNP Paribas Securities Corp. | ||
Scotia Capital (USA) Inc. | ||
Co-Managers: |
Calyon Securities (USA) Inc. | |
Fortis Securities LLC | ||
Mizuho International plc | ||
Wachovia Securities LLC | ||
CUSIP: |
053807AP8 |