Avnet Lifts Credit Facility to $2.75 Billion With $1 Billion Upsize Option, Removes SOFR Adjustment
Avnet expanded its credit facility to $2.75 billion with a $1 billion upsize option, removing the SOFR adjustment. The amendment, effective October 13, 2026, aims to boost liquidity and cut borrowing costs, according to the company. Bank of America is the administrative agent.



