FilingIndex
8-KThe WireStrategic

Material Agreement · Company Update

Filed Apr 10, 2024 · 2y ago · Accession 0001104659-24-045811

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

Securities and Exchange Commission.   Indenture   The Notes were issued pursuant to the indenture, dated as of March 1, 2024 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as supplemented by the first supplemental indenture, dated as of April 10, 2024 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between the Company and the Trustee.   The Base Indenture, the First Supplemental Indenture and the form of the Note are filed as Exhibits 4.1, 4.2 and 4.3, respectively, and are each incorporated herein by reference. The Base Indenture, the First Supplemental Indenture and the form of the Note are also filed with reference to, and are hereby incorporated by reference in, the Registration Statement.   Terms of the Notes   The Notes bear interest at a rate of 5.875% per annum, payable semiannually on April 10 and October 10 of each year, commencing on October 10, 2024, and mature on April 10, 2034. The Notes are redeemable at the Company’s option, in whole or in part, at any time and from time to time, at the applicable redemption price described in the Indenture. The Notes are the Company’s general unsubordinated and unsecured indebtedness, and are subject to usual and customary covenants, including restrictions on liens, sale/lease-back transactions and mergers, consolidations or sales of substantially all of the Company’s assets. Upon the occurrence of a Change of Control Triggering Event, as defined in the Indenture, the Company will be required to offer to purchase the Notes at 101% of their principal amount, plus accrued and unpaid interest to the date of purchase. The descriptions of the Indenture and the Notes herein are summaries and are qualified in their entirety by the terms of the Indenture and the Notes.   Item 8.01. Other Events.   Underwriting Agreement   The Notes were sold pursuant to an Underwriting Agreement, dated as of April 1, 2024 (the “Underwriting Agreement”), by and among the Company and J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and HSBC Securities (USA) Inc., as representatives of the several underwriters named therein. The Underwriting Agreement sets forth the terms and conditions pursuant to which the Company agreed to sell the Notes to the underwriters and the underwriters agreed to purchase the Notes from the Company for resale to the public in the offering.   The Underwriting Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The Underwriting Agreement is also filed with reference to, and is hereby incorporated by reference in, the Registration Statement.         Legal Opinion Letter   In connection with the offering, a legal opinion letter of Latham & Watkins LLP regarding the validity of the Notes is attached as Exhibit 5.1 hereto. The legal opinion letter is also filed with reference to, and is hereby incorporated by reference in, the Registration Statement.   Item 9.01. Financial Statements and Exhibits.   (d) Exhibits   Exhibit Number Description 1.1 Underwriting Agreement, dated as of April 1, 2024, by and among the Company and J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and HSBC Securities (USA) Inc., as representatives of the underwriters. 4.1 Indenture, dated as of March 1, 2024, by and between the Company and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-3 dated March 1, 2024, Commission File No. 333-277564). 4.2 First Supplemental Indenture, dated as of April 10, 2024, by and between the Company and U.S. Bank Trust Company, National Association, as trustee. 4.3 Form of 5.875% Note due 2034 (included in Exhibit 4.2). 5.1 Opinion of Latham & Watkins LLP. 23.1 Consent of Latham & Watkins LLP (included in their opinion filed as Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).         SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     ARROW ELECTRONICS, INC.     Date: April 10, 2024 By: /s/ Carine L. Jean-Claude   Name: Carine L. Jean-Claude   Title: Senior Vice President, Chief Legal Officer and Secretary
Filing details
Ticker
ARW
CIK
7536
Form type
8-K
Filing date
Apr 10, 2024
Report date
Apr 1, 2024
Document
tm2411435d1_8k.htm
Size
576 KB