Avnet updates $700M receivables facility

Avnet, Inc. entered into Amendment No. 9 to its Fourth Amended and Restated Receivables Purchase Agreement with Wells Fargo Bank and other financial institutions.

Rhea-AI Filing Summary

Avnet, Inc. entered into Amendment No. 9 to its Fourth Amended and Restated Receivables Purchase Agreement with Wells Fargo Bank and other financial institutions. The amendment increases the maximum purchase limit from $500,000,000 to $700,000,000 and extends the facility’s termination date to July 1, 2028. It also excludes certain receivables from the arrangement, while other terms remain substantially the same.

Insights

Credit and capital structure analyst

Avnet modestly expands and extends its receivables financing capacity.

Avnet amended its Receivables Purchase Agreement, raising the maximum purchase limit to $700,000,000 from $500,000,000. This agreement is a receivables-based funding facility supported by Avnet Receivables Corporation and banks led by Wells Fargo.

The amendment also pushes the termination date to July 1, 2028 and removes certain receivables from eligibility, while leaving other terms substantially unchanged. The arrangement is treated as an off-balance sheet obligation for disclosure purposes.

Overall, this filing updates the scale and tenor of an existing funding source without indicating changes to Avnet’s broader financial outlook. Future periodic reports may offer more detail on how much of this capacity is actually utilized over time.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

New maximum purchase limit: $700,000,000 Prior maximum purchase limit: $500,000,000 Facility termination date: July 1, 2028 +1 more

4 metrics

New maximum purchase limit $700,000,000 Receivables Purchase Agreement after Amendment No. 9

Prior maximum purchase limit $500,000,000 Receivables Purchase Agreement before Amendment No. 9

Facility termination date July 1, 2028 Extended termination date for receivables facility

Amendment date July 1, 2026 Date of Amendment No. 9 to Receivables Purchase Agreement

Key Terms

Material Definitive Agreement, Receivables Purchase Agreement, off-Balance Sheet Arrangement, Inline XBRL, +1 more

5 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

Receivables Purchase Agreement financial

"Receivables Purchase Agreement, dated August 16, 2018, as amended, with Wells Fargo Bank"

A receivables purchase agreement is a contract where a company sells its outstanding invoices or amounts owed by customers to a buyer in exchange for immediate cash, usually at a discount. Investors care because it improves a company’s short‑term cash flow and can change reported assets, liabilities and risk exposure—like selling IOUs to get money now instead of waiting, which affects liquidity and the firm’s financial picture.

off-Balance Sheet Arrangement financial

"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement"

An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.

Inline XBRL technical

"Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

agent financial

"Wells Fargo Bank, N.A., as agent, and the financial institutions and companies party thereto"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Avnet (AVT) change in its Receivables Purchase Agreement?

Avnet amended its Receivables Purchase Agreement to increase the maximum purchase limit to $700,000,000, extend the facility’s termination date to July 1, 2028, and exclude certain receivables, while keeping other key terms substantially the same.

How much did Avnet (AVT) increase its receivables facility under the new amendment?

Avnet increased the maximum purchase limit under its Receivables Purchase Agreement from $500,000,000 to $700,000,000. This represents a larger capacity for receivables-based financing, although the filing does not detail actual current usage of the facility.

When does Avnet’s amended receivables facility now terminate?

The amendment extends the termination date of Avnet’s Receivables Purchase Agreement to July 1, 2028. Previously existing terms largely remain in place, so the change mainly updates the facility’s duration and size rather than overhauling its structure.

Does the Avnet (AVT) amendment create an off-balance sheet obligation?

Yes. The filing notes the amendment relates to a direct financial obligation or an obligation under an off-balance sheet arrangement. The disclosure for this obligation is provided through the description of the Receivables Purchase Agreement amendment in Item 1.01.

Who are the key counterparties in Avnet’s amended Receivables Purchase Agreement?

The agreement involves Avnet, Inc., Avnet Receivables Corporation, Wells Fargo Bank, N.A. as agent, and various companies and financial institutions that are parties to the Receivables Purchase Agreement, which collectively provide the receivables purchase facility.

Where can investors find the full text of Avnet’s Amendment No. 9?

The full text of Amendment No. 9 is filed as Exhibit 10.1 to the report. The summary in the main body is explicitly qualified by the complete terms contained in this exhibit, which is incorporated by reference.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 09:07 PM Learn about SEC filing dates

0000008858false00000088582026-07-012026-07-01

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

__________________

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

__________________

Date of Report (Date of earliest event reported)    July 1, 2026

AVNET, INC.

(Exact name of registrant as specified in its Charter)

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New York		1-4224		11-1890605
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification Number)

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2211 South 47th Street, Phoenix, Arizona		85034
(Address of principal executive offices)		(Zip Code)

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(480) 643-2000

(Registrant’s telephone number, including area code.)

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N/A

(Former name and former address, if changed since last report.)

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Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered:
Common stock, par value $1.00 per share		AVT		NASDAQ Global Select Market

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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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 1.01   Entry into a Material Definitive Agreement.

On July 1, 2026, Avnet, Inc. (the “Company”) and Avnet Receivables Corporation, a wholly owned subsidiary of the Company, entered into Amendment No. 9 (the “RPA Amendment”) to the Fourth Amended and Restated Receivables Purchase Agreement, dated August 16, 2018, as amended, with Wells Fargo Bank, N.A., as agent, and the financial institutions and companies party thereto (the “Receivables Purchase Agreement”). The RPA Amendment provides for, among other things, (i) an increase in the maximum purchase limit under the Receivables Purchase Agreement from $500,000,000 to $700,000,000, (ii) the extension of the termination date of the facility to July 1, 2028, and (iii) the exclusion of certain receivables from the Receivables Purchase Agreement. Other terms of the Receivables Purchase Agreement remain substantially the same as under the previously effective Receivables Purchase Agreement.

The RPA Amendment summary above is not complete, and is qualified by the terms contained in the RPA Amendment, which is filed as Exhibit 10.1 hereto and incorporated into this Item 1.01 by reference. Furthermore, the RPA Amendment is not a source of factual, business, or operational information about the Company or its subsidiaries. The representations, warranties, and covenants in the RPA Amendment were made only for purposes of the RPA Amendment as of specific dates, are solely for the benefit of the parties to the RPA Amendment, and may be subject to specific limitations, qualifications, and standards of materiality. Accordingly, investors should not rely on the representations, warranties, and covenants in the RPA Amendment.

Some or all of the parties to the RPA Amendment, or their affiliates, have in the past provided investment or commercial banking services to the Company and its affiliates for which they received customary fees and expenses and they may provide similar services in the future.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure required hereunder is provided under Item 1.01 above relating to the RPA Amendment and is incorporated herein by reference.

Item 9.01   Financial Statements and Exhibits.

(d) Exhibits.

The following materials are attached as exhibits to this Current Report on Form 8-K:

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Exhibit Number	​ ​	Description
10.1	​	Amendment No. 9 to the Fourth Amended and Restated Receivables Purchase Agreement, dated July 1, 2026, among Avnet, Inc., Avnet Receivables Corporation, Wells Fargo Bank, N.A., as agent, and the companies and financial institutions party thereto.
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104	​	Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Date: July 6, 2026	​	AVNET, INC.
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​	​	By:	​	/s/ Kenneth A. Jacobson
​	​	​	​	Name: Kenneth A. Jacobson
​	​	​	​	Title: Chief Financial Officer
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Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 1.1 MB

Other Documents

• EX-101 EX-101.SCH 2.8 KB
• EX-101 EX-101.LAB 15.0 KB
• EX-101 EX-101.PRE 10.1 KB