Arrow Electronics successfully completes debt offering.MELVILLE, NEW YORK--(BUSINESS WIRE)--January 22, 1997--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 7% Senior Notes due 2007 and $200 million of 7.5% Senior Debentures due 2027. The offering was underwritten by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated, Chase Securities Inc., Donaldson, Lufkin &
Jenrette Securities Corporation, and Goldman, Sachs & Co.
Of the offering's 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). , approximately $300 million will be used to fund Arrow's acquisition of the volume electronic component distribution businesses of Premier Farnell  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . plc. The balance will be used for working capital and other general corporate purposes. Arrow Electronics is the world's largest distributor of electronic components and computer products to industrial and commercial customers. CONTACT: Robert E. Klatell Executive Vice President 516/391-1300 |
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