0001193125-12-477445.txt : 20121120 0001193125-12-477445.hdr.sgml : 20121120 20121120162724 ACCESSION NUMBER: 0001193125-12-477445 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20121120 DATE AS OF CHANGE: 20121120 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVNET INC CENTRAL INDEX KEY: 0000008858 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 111890605 STATE OF INCORPORATION: NY FISCAL YEAR END: 0701 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-184871 FILM NUMBER: 121218290 BUSINESS ADDRESS: STREET 1: 2211 SOUTH 47TH STREET CITY: PHOENIX STATE: AZ ZIP: 85034 BUSINESS PHONE: 4806432000 MAIL ADDRESS: STREET 1: 2211 SOUTH 47TH STREET CITY: PHOENIX STATE: AZ ZIP: 85034 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AVNET INC CENTRAL INDEX KEY: 0000008858 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 111890605 STATE OF INCORPORATION: NY FISCAL YEAR END: 0701 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2211 SOUTH 47TH STREET CITY: PHOENIX STATE: AZ ZIP: 85034 BUSINESS PHONE: 4806432000 MAIL ADDRESS: STREET 1: 2211 SOUTH 47TH STREET CITY: PHOENIX STATE: AZ ZIP: 85034 FWP 1 d441915dfwp.htm PRICING TERM SHEET Pricing Term Sheet

FILED PURSUANT TO RULE 433

REGISTRATION STATEMENT NO. 333-184871

PRICING TERM SHEET

NOVEMBER 20, 2012

AVNET, INC.

$350,000,000 4.875% Notes due 2022

 

Issuer:    Avnet, Inc.
Title of Securities:    4.875% Notes due 2022
Type of Offering:    SEC-registered
Size:    $350,000,000
Maturity:    December 1, 2022
Coupon:    4.875%
Price to Public (Issue Price):    99.788% of principal amount
Yield to Maturity:    4.902%
Benchmark Treasury:    UST 1.625% due 11/15/2022
Spread to Benchmark Treasury:    325 bps
Benchmark Treasury Price and Yield:    99-24; 1.652%
Interest Payment Dates:    June 1 and December 1, commencing on June 1, 2013
Denominations:    $2,000 × $1,000
Optional Redemption:    Make-whole call at any time at the greater of 100% of the principal amount of the notes being redeemed or the discounted present value of the remaining scheduled payments of principal and interest at the treasury rate plus 50 basis points, plus accrued and unpaid interest to the date of redemption
Change of Control:    If a Change of Control Triggering Event occurs, putable at 101% of principal amount plus accrued and unpaid interest to the date of repurchase
Trade Date:    November 20, 2012
Settlement Date:    T+4; November 27, 2012
CUSIP/ISIN:    053807 AR4/US053807AR45
Ratings*:    Baa3 / BBB- (Stable / Stable)
Joint Book-Running Managers:   

Merrill Lynch, Pierce, Fenner & Smith

                    Incorporated

RBS Securities Inc.

Co-Managers:   

BNP Paribas Securities Corp.

Mitsubishi UFJ Securities (USA), Inc.

Scotia Capital (USA) Inc.

HSBC Securities (USA) Inc.

J.P. Morgan Securities LLC

PNC Capital Markets LLC

Wells Fargo Securities, LLC

* A rating reflects only the view of a rating agency and is not a recommendation to buy, sell or hold the Securities. Any rating can be revised upward or downward or withdrawn at any time by a rating agency, if it decides that circumstances warrant that change.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or RBS Securities Inc. toll-free at (866) 884-2071.