According to an 8-K filing, JPMorgan Chase acted as administrative agent on a $200 million upsize to Arrow Electronics’ revolving credit facility, bringing the total capacity of the facility to $2 billion.
The amendment also extended the facility’s maturity to from December 2021 to December 2023.
“The extension and expansion of our revolving credit facility is part of our proactive liquidity management, and reflects the strength of our company,” said Chris Stansbury, Arrow senior vice president and chief financial officer. “When combined with our strong cash flows and balance sheet, the credit facility enhances our financial flexibility.”
Arrow Electronics aggregates electronics and enterprise computing solutions for customers and suppliers in industrial and commercial markets. It maintains a network of more than 345 locations serving over 80 countries.
