AVNET INC 8-K

What Happened
Avnet, Inc. filed a Form 8‑K (dated July 6, 2026) reporting that on July 1, 2026 it and its subsidiary Avnet Receivables Corporation entered into Amendment No. 9 to the Fourth Amended and Restated Receivables Purchase Agreement with Wells Fargo Bank, N.A., as agent, and the participating lenders. The amendment increases the maximum purchase limit, extends the facility termination date, and excludes certain receivables from the agreement. The amendment is filed as Exhibit 10.1 to the 8‑K.

Key Details

• Maximum purchase limit raised from $500,000,000 to $700,000,000.
• Facility termination date extended to July 1, 2028 (amendment effective July 1, 2026).
• Certain receivables are specifically excluded from the receivables purchase agreement under the amendment.
• The filing also discloses the creation of a direct financial obligation under Item 2.03 in connection with the amendment.

Why It Matters
This amendment increases Avnet’s available receivables financing capacity by $200M and extends the maturity of that liquidity tool to mid‑2028, which can help support working capital and cash flow management. For investors, the change is a material update to the company’s short‑term financing arrangements—showing increased access to receivables funding—while other terms of the facility remain substantially the same.