Latham & Watkins Advises Arrow Electronics, Inc., in US$500 Million Note Offering
Latham & Watkins represented Arrow Electronics, Inc., a technology solutions company, in a public offering of US$500 million of 5.875% notes due 2034. Arrow used the proceeds from the offering to redeem all of Arrow's 6.125% notes due 2026. The notes were rated Baa3 by Moody’s, BBB- by S&P Global, and BBB- by Fitch.
Latham corporate partners Roderick Branch and Michael Treska led the Latham team, with counsel Christopher Cronin and associates Andrew Rutsky, Joann Murphy, Ryan Hudson, and Cyerra McGowan. Advice was also provided on tax matters by partners Joseph Kronsnoble and Rene de Vera, with associate Valerie Silva.