The Firm represented underwriters, led by BofA Merrill Lynch and J.P. Morgan, in a public offering of $300 million principal amount of 5.875% Notes due 2020 of Avnet, Inc.
The net proceeds of the offering are being used for general corporate purposes.
Avnet, Inc. is one of the world’s largest distributors, based on sales, of electronic components, enterprise computer and storage products, and embedded subsystems.
The Simpson Thacher team for the transaction included, among others, Glenn M. Reiter and Rafael Berckholtz (Capital Markets – New York), Steven Sutton (Capital Markets – Los Angeles), Jonathan Cantor and Andrew Purcell (Tax), and Andrew Pagliughi (Blue Sky).