Avnet, Inc. (AVT) Tuesday said it intends to offer $500 million of convertible senior notes due 2030.
Avnet also expects to grant to the initial purchasers of the notes an option to purchase up to an additional $75 million of notes.
Avnet intends to use about $100 million of the proceeds from the offering to buy back its shares, and the remaining to repay debts.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.