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.
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Filing text
View original ↗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
- Company
- ARROW ELECTRONICS, INC.
- 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