ENGLEWOOD, Colo. -- (BUSINESS WIRE) -- Arrow Electronics, Inc. (NYSE:ARW) announced that the company has amended its asset securitization program, extending maturity to March 2017 and increasing capacity to $900 million. The program previously matured in December 2014 and totaled $775 million. The program is led by Bank of America, as administrative agent.
"We are pleased to have extended and expanded our securitization," said Paul J. Reilly, executive vice president, finance and operations, and chief financial officer. "Our strong balance sheet, excellent cash flows, and enhanced liquidity facilities, such as the asset securitization program, give us the financial flexibility to continue to drive strategic growth."
Arrow Electronics (www.arrow.com) 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 in 58 countries.
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