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| Issuer / Guarantor | Avnet Inc |
|---|---|
| Size | USD 550mn |
| Type | Convertible |
| Leads | BNP Paribas, JP Morgan, BoA, MUFG Americas, Scotia Capital, Truist, Wells Fargo |
| Maturity | 01 Sep 2030 (5 years) |
| Coupon | 1.75% (1.75 - 2.25%) |
| Premium | 35% (30 - 35%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 130% to May 2030 (4.7 yrs) |
| Announced | 02 Sep 2025 |