<SEC-DOCUMENT>0001157523-16-007631.txt : 20161223
<SEC-HEADER>0001157523-16-007631.hdr.sgml : 20161223
<ACCEPTANCE-DATETIME>20161223140114
ACCESSION NUMBER:		0001157523-16-007631
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20161223
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:		20161223
DATE AS OF CHANGE:		20161223

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:		162068740

	BUSINESS ADDRESS:	
		STREET 1:		9201 EAST DRY CREEK ROAD
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112
		BUSINESS PHONE:		303-824-4000

	MAIL ADDRESS:	
		STREET 1:		9201 EAST DRY CREEK ROAD
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51483292.htm
<DESCRIPTION>ARROW ELECTRONICS, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p>

    </p>
    <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
      23, 2016</font></u><br><br><br>
    </p>
<div style="text-align:left">
    <table style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" valign="top">
          ARROW ELECTRONICS, INC.
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Exact Name of Registrant as Specified in its Charter)
        </td>
      </tr>
    </table>
    </div>
    <p>

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

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; margin-bottom: 10.0px; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 67%; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            9201 E. Dry Creek Road, Centennial, Colorado
          </p>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-left: 0.0px; width: 33%; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px" valign="top">
          80112
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 67%" valign="top">
          (Address of Principal Executive Offices)
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="top">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; margin-bottom: 10.0px; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: center" valign="top">
          Registrant&#8217;s telephone number, including area code: (303) 824-4000
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" valign="top">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Former Name or Former Address, if Changed Since Last Report)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      <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="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>

    </p>
    <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>
      <i>Amended and Restated Credit Agreement</i>
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      On December 23, 2016 Arrow Electronics, Inc. (the &#8220;Company&#8221;) and certain
      of the Company&#8217;s subsidiaries, as borrowers, entered into an Amended and
      Restated Credit Agreement with the lenders from time to time parties
      thereto, and JPMorgan Chase Bank, N.A., as administrative agent and
      JPMorgan Chase Bank, N.A., acting through its Hong Kong branch, as
      administrative agent to any non-U.S. subsidiary borrower organized under
      the laws of Hong Kong (the&#160;&#8220;Credit&#160;Agreement&#8221;), which amends the
      Company&#8217;s existing credit facility dated as of December 13, 2013.&#160;&#160;The
      Credit Agreement provides for extensions of credit in the aggregate
      amount of up to $1,800,000,000 consisting of revolving credit facilities
      and letters of credit.&#160;&#160;
    </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 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 Group.
    </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>
      The Credit Agreement contains a number of covenants, including, among
      other things, the requirement to comply with various financial ratios
      and tests, restrictions on the Company&#8217;s and certain of its
      subsidiaries&#8217; ability to 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;
      restrictions on the ability to make certain acquisitions; and
      restrictions on the ability of the Company&#8217;s subsidiaries to incur
      indebtedness.&#160;&#160;
    </p>
    <p>
      The Credit Agreement will mature on December 23, 2021 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>
      <b>ITEM 8.01 OTHER EVENTS.</b>
    </p>
    <p>
      <i>Press Release</i>
    </p>
    <p>
      On December 23, 2016, 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 style="white-space: nowrap">
      <b>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; margin-bottom: 10.0px; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;&#160;&#160;&#160;&#160;<u>Exhibit</u>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;&#160;&#160;&#160;<u>Number</u>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="middle">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 84%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description of Document</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="middle">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="middle">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 84%" valign="middle">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; text-align: left; padding-left: 0.0px; width: 10%; padding-right: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;&#160;&#160;&#160;&#160;&#160;99.1
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="middle">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 84%" valign="top">
          Press Release, issued December 23, 2016.
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <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="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      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="margin-left:auto;margin-right:auto; font-size: 10pt; width: 100%; margin-bottom: 10.0px; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 47%">

        </td>
        <td style="text-align: left; padding-left: 30.0px" valign="top" colspan="4">
          <p style="margin-bottom: 0px; margin-top: 0px">
            ARROW ELECTRONICS, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 47%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="top">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 35%">

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

        </td>
      </tr>
      <tr>
        <td style="width: 47%">

        </td>
        <td style="width: 3%">

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

        </td>
        <td style="width: 35%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 47%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date: December 23, 2016
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 35%; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Gregory Tarpinian
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 47%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name:
          </p>
        </td>
        <td style="text-align: left; padding-left: 5.0px; width: 35%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Gregory Tarpinian
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 47%">

        </td>
        <td style="width: 3%">

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

        </td>
      </tr>
      <tr>
        <td style="width: 47%">

        </td>
        <td style="width: 3%">

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

        </td>
        <td style="text-align: left; padding-left: 5.0px; width: 35%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            and General Counsel
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51483292ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <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 $1.8 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 2021 --</b></font>
    </p>
    <p>
      CENTENNIAL, Colo.--(BUSINESS WIRE)--December 23, 2016--Arrow
      Electronics, Inc. (NYSE:ARW) announced today that the company has
      amended its revolving credit facility, extending its maturity to
      December 2021 and its capacity to $1.8 billion. The credit facility
      previously matured in December 2018 and totaled $1.5 billion.
    </p>
    <p>
      &#8220;Our ability to increase the size of our credit facility to $1.8 billion
      and extend the maturity reflects the strength and continued growth of
      our company,&#8221; said Chris Stansbury, senior vice president and chief
      financial officer. &#8220;When combined with our strong cash flows and balance
      sheet, the credit facility enhances our financial flexibility to
      continue to drive strategic growth.&#8221;
    </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 460 locations serving over 85 countries.
    </p>
    <p>
      CONTACT:<br><b>Arrow Electronics, Inc.</b><br>Contact:<br>Steven
      O&#8217;Brien, 303-824-4544<br>Vice President, Investor Relations<br>or<br>Media
      Contact:<br>John Hourigan, 303-824-4586<br>Vice President, Global
      Communications
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
