Filed pursuant to Rule 433
Registration Statement No. 333-107474
Final Term Sheet
March 2, 2007
Registration Statement No. 333-107474
Final Term Sheet
March 2, 2007
AVNET, INC.
$300,000,000 5.875 % Notes due 2014
$300,000,000 5.875 % Notes due 2014
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 |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by (i) calling or emailing Banc of America Securities LLC toll-free at 1-(800) 294-1322 or dg.prospectus_distribution@bofasecurities.com or (ii) calling Credit Suisse Securities (USA) LLC toll free at 1-(800) 221-1037..