Arrow Electronics Successfully Completes Debt Offering.MELVILLE, N.Y.--(BUSINESS WIRE)--June 3, 1998--Arrow Electronics, Inc. (NYSE NYSE See: New York Stock Exchange :ARW ARW Air Refueling Wing ARW Advanced Research Workshop ARW Associated Resume Writers ARW Army Ranger Wing (Irish Special Forces) ARW American Revolutionary War ARW Angle Random Walk ARW Aeroelastic Research Wing ) has successfully completed its offering of $200 million of 6.875% Senior Debentures due 2018. The offering was underwritten by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter, Chase Securities Inc., Donaldson, Lufkin
& Jenrette Securities Corporation, and Goldman, Sachs & Co.
The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering will be used to refinance a portion of the company's outstanding bank borrowings, thus replacing existing variable rate indebtedness on a fixed rate, long-term basis. Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1997 sales of $7.8 billion. Headquartered in Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. , Arrow serves as a supply channel partner for more than 600 suppliers and 160,000 original equipment manufacturers and commercial customers through more than 200 sales facilities and 26 distribution centers in 32 countries. Detailed information about Arrow's operations can be found at www.arrow.com.
CONTACT: Robert E. Klatell
Executive Vice President
516-391-1300
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