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 |
