John Owen, chief operating officer of Regions Financial, will retire in March of 2021. Owen served at McDonnell-Douglas, Citicorp Credit Services, Arrow Electronics and American Airlines before beginning his 13-year career at Regions.
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.
Arrow Electronics amended its revolving credit facility, extending its maturity to December 2021 and its capacity to $1.8 billion. JPMorgan Chase Bank served as administrative agent.
Arrow Electronics will provide end-to-end supply chain management and contract manufacturing support, technical support and a credit facility for the MyDx chemical analyzer product line.