<SEC-DOCUMENT>0001157523-13-005809.txt : 20131218
<SEC-HEADER>0001157523-13-005809.hdr.sgml : 20131218
<ACCEPTANCE-DATETIME>20131218144348
ACCESSION NUMBER:		0001157523-13-005809
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131213
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20131218
DATE AS OF CHANGE:		20131218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARROW ELECTRONICS INC
		CENTRAL INDEX KEY:			0000007536
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				111806155
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04482
		FILM NUMBER:		131284905

	BUSINESS ADDRESS:	
		STREET 1:		25 HUB DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		5163911300

	MAIL ADDRESS:	
		STREET 1:		50 MARCUS DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50771751.htm
<DESCRIPTION>ARROW ELECTRONICS, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-size: 12pt; font-family: Times New Roman">WASHINGTON,
      DC&#160; 20549</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">FORM
      8-K</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">CURRENT
      REPORT</font><br><font style="font-size: 12pt; font-family: Times New Roman">PURSUANT
      TO SECTION 13 OR 15(d) OF THE</font><br><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      EXCHANGE ACT OF 1934</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">Date
      of report (Date of earliest event reported): </font><u><font style="font-size: 12pt; font-family: Times New Roman">December
      13, 2013</font></u><br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          ARROW ELECTRONICS, INC.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          (Exact Name of Registrant as Specified in its Charter)
        </td>
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    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt; margin-left:auto;margin-right:auto" cellspacing="0">
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        <td valign="bottom" style="padding-left: 0.0px; width: 33%; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            NEW YORK
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 34%; padding-right: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1-4482
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; padding-right: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            11-1806155
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        </td>
      </tr>
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        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of Incorporation)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 34%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File<br>Number)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 67%; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            7459 S. Lima St, Englewood, Colorado
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 33%; padding-right: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap">
          80112
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 67%; text-align: center">
          (Address of Principal Executive Offices)
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 33%; text-align: center">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      Registrant&#8217;s telephone number, including area code: (631) 847-2000
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          (Former Name or Former Address, if Changed Since Last Report)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2. below):</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>ITEM 1.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</b>
    </p>
    <p>

    </p>
    <p>
      <i>Amended and Restated Five-Year Credit Agreement</i>
    </p>
    <p>

    </p>
    <p>
      On December 13, 2013 Arrow Electronics, Inc. (the &#8220;Company&#8221;) and certain
      of the Company&#8217;s subsidiaries, as borrowers, entered into an Amended and
      Restated Five-Year Credit Agreement with the lenders from time to time
      party thereto, JPMorgan Chase Bank, N.A., as administrative agent, BNP
      Paribas, Bank of America, N.A., The Bank of Nova Scotia and The Bank of
      Tokyo-Mitsubishi UFJ, Ltd. as syndication agents, and J.P. Morgan
      Securities LLC, BNP Paribas Securities Corp., Merrill Lynch Pierce,
      Fenner &amp; Smith Incorporated, The Bank of Nova Scotia and The Bank of
      Tokyo-Mitsubishi UFJ, Ltd., as joint lead arrangers and joint
      bookrunners (the&#160;&#8220;Credit&#160;Agreement&#8221;), which amends the Company&#8217;s
      existing credit facility dated as of August 19, 2011.&#160;&#160;The Credit
      Agreement provides for extensions of credit in the aggregate amount of
      up to $1,500,000,000, consisting of revolving credit facilities and
      letters of credit.&#160;&#160;
    </p>
    <p>

    </p>
    <p>
      Interest and fees under the Credit Agreement will generally be payable
      at least on a quarterly basis and the applicable margins and fees are
      determined based on the actual or implied senior unsecured non-credit
      enhanced debt ratings of the Company in effect from time to time by
      Moody&#8217;s Investors Service, Inc. or Standard &amp; Poor&#8217;s Ratings Services.
    </p>
    <p>

    </p>
    <p>
      The Company and certain of its U.S. and non-U.S. subsidiaries may be
      borrowers under the Credit Agreement.&#160;&#160;Loans may be made, and letters of
      credit may be issued, under the Credit Agreement in U.S. Dollars,
      British Pounds Sterling, Euros and other specified currencies.&#160;&#160;The
      Company&#8217;s obligations are guaranteed by certain of the Company&#8217;s
      domestic subsidiaries.&#160;&#160;The obligations of any subsidiary borrowers are
      guaranteed by the Company.
    </p>
    <p>

    </p>
    <p>
      The Credit Agreement contains a number of covenants, including
      compliance with various financial ratios and tests, and certain
      covenants that restrict, among other things, the Company&#8217;s ability to
      incur debt; incur liens; merge or consolidate with other companies;
      enter into agreements that limit its or its subsidiaries&#8217; ability to
      incur liens or its subsidiaries&#8217; ability pay dividends; and make certain
      acquisitions, and a covenant that limits the amount of dividends or
      distributions that may be paid to stockholders.&#160;&#160;
    </p>
    <p>

    </p>
    <p>
      The Credit Agreement will mature on December 13, 2018 and the maturity
      may be accelerated upon the occurrence and during the continuation of an
      event of default.&#160;&#160;Events of default under the Credit Agreement include
      the failure to pay principal or interest when due; the breach of any
      representation or warranty; covenant defaults; insolvency of the Company
      or certain subsidiaries; imposition of certain judgments; certain events
      relating to the Employee Retirement Income Security Act of 1974 (as
      amended); a change in control (with respect to Company&#8217;s board of
      directors or the ownership of the Company&#8217;s shares); impairment of loan
      documentation or any guarantees; and cross-defaults to certain other
      indebtedness.
    </p>
    <p>

    </p>
    <p>
      In the ordinary course of their respective businesses, some of the
      lenders under the Credit Agreement, or their affiliates, have performed,
      and may in the future perform, commercial banking, investment banking,
      trust, advisory or other financial services for the Company and its
      affiliates.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; font-size: 10pt; text-align: center">
          2
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>ITEM 2.03.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN
      OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT</b>
    </p>
    <p>

    </p>
    <p>
      The disclosure required by this item is included in Item 1.01 of this
      Form 8-K and is incorporated herein by reference in its entirety.
    </p>
    <p>

    </p>
    <p>
      <b>ITEM 8.01 OTHER EVENTS.</b>
    </p>
    <p>

    </p>
    <p>
      <i>Press Release</i>
    </p>
    <p>

    </p>
    <p>
      On December 18, 2013, the Company issued a press release regarding the
      execution of the Credit Agreement.&#160;&#160;A copy of the press release is filed
      hereto as Exhibit 99.1 hereto and is incorporated herein by reference.
    </p>
    <p>

    </p>
    <p>
      <b>Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.</b>
    </p>
    <p>

    </p>
    <p>
      <b>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="middle" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Document</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="middle" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="middle" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-right: 0.0px; text-align: center; white-space: nowrap">
          99.1
        </td>
        <td valign="middle" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Press Release, issued December 18, 2013.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">
      <br>
      <br>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font><br>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      Company has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ARROW ELECTRONICS, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 35%">

        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 35%; text-align: left">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; width: 50%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date: December 18, 2013
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 35%; border-bottom: solid black 1.0pt; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Peter S. Brown
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 35%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Peter S. Brown
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 35%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 10.0px; width: 35%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            and General Counsel
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      3
    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50771751ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
<!--Copyright 2013 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 12pt; font-family: Times New Roman"><b>Arrow
      Electronics Amended Credit Facility Increased to $1.5 Billion</b></font></u>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>--
      Maturity Extended to December 2018 &#8211;-</b></font>
    </p>
    <p>
      ENGLEWOOD, Colo.--(BUSINESS WIRE)--December 18, 2013--Arrow Electronics,
      Inc. (NYSE:ARW) announced that the company has amended its credit
      facility, extending its maturity to December 2018 and its capacity to
      $1.5 billion. The credit facility previously matured in August 2016 and
      totaled $1.2 billion.
    </p>
    <p>
      &quot;Our ability to increase the size of our credit facility to $1.5 billion
      and extend the maturity reflects the strength of our company,&quot; said Paul
      J. Reilly, executive vice president, finance and operations, and chief
      financial officer. &quot;When combined with our strong cash flows and balance
      sheet, the credit facility enhances our financial flexibility to
      continue to drive strategic growth.&quot;
    </p>
    <p>
      Arrow Electronics (<u>www.arrow.com</u>) is a global provider of
      products, services and solutions to industrial and commercial users of
      electronic components and enterprise computing solutions. Arrow serves
      as a supply channel partner for more than 100,000 original equipment
      manufacturers, contract manufacturers and commercial customers through a
      global network of more than 470 locations in 55 countries.
    </p>
    <p>
      Safe Harbor
    </p>
    <p>
      The Private Securities Litigation Reform Act of 1995 provides a &#8220;safe
      harbor&#8221; for forward-looking statements. This press release includes
      forward-looking statements that are subject to numerous assumptions,
      risks and uncertainties that could cause actual results or facts to
      differ materially from such statements for a variety of reasons,
      including, but not limited to: industry conditions, the company&#8217;s
      implementation of its new enterprise resource planning system, changes
      in product supply, pricing and customer demand, competition, other
      vagaries in the global components and global ECS markets, changes in
      relationships with key suppliers, increased profit margin pressure, the
      effects of additional actions taken to become more efficient or lower
      costs, risks related to the integration of acquired businesses, changes
      change in legal and regulatory matters, the company&#8217;s ability to
      generate additional cash flow and the other risks described from time to
      time in the company&#8217;s reports to the Securities and Exchange Commission
      (including the company&#8217;s Annual Report on Form 10-K and Quarterly
      Reports on Form 10-Q). Forward-looking statements are those statements
      which are not statements of historical fact. Forward-looking statements
      can be identified by forward looking words such as &#8220;expects,&#8221;
      &#8220;anticipates,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;believes,&#8221; &#8220;seeks,&#8221;
      &#8220;estimates,&#8221; and similar expressions. Shareholders and other readers are
      cautioned not to place undue reliance on these forward-looking
      statements, which speak only as of the date on which they are made. The
      company undertakes no obligation to update publicly or revise any of the
      forward-looking statements.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Arrow Electronics, Inc.<br>Contact:<br>Greg Hanson,
      303-824-4537<br>Vice President and Treasurer<br>or<br>Paul J. Reilly,
      631-847-1872<br>Executive Vice President, Finance and Operations, &amp;
      Chief Financial Officer<br>or<br>Media Contact:<br>John Hourigan,
      303-824-4586<br>Vice President, Corporate Communications<br>
    </p>
    <p>

    </p>
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