Arrow Electronics Announces Redemption of Notes

  Arrow Electronics Announces Redemption of Notes

Business Wire

ENGLEWOOD, Colo. -- February 13, 2013

Arrow Electronics, Inc. (NYSE:ARW) announced today that the company will
redeem for cash all of its outstanding 6.875% Notes due 2013 (the “Notes”) on
March 15, 2013 at a redemption price equal to the sum of 100% of the principal
amount outstanding, a make-whole premium which will be calculated three
business days prior to the redemption date in accordance with the Indenture
(as defined below), and accrued and unpaid interest on the principal amount
being redeemed to, but not including, the redemption date.

The Notes were issued pursuant to an Indenture dated January 15, 1997, as
supplemented (the “Indenture”), among the Company and The Bank of New York
Mellon (as successor to the Bank of Montreal Trust Company), as trustee.

As of February 12, 2013, $332,107,000 aggregate principal amount of Notes
remain outstanding. On and after the date of redemption, the Notes will no
longer be deemed outstanding, interest will cease to accrue thereon and all
rights of the holder of the Notes will cease to exist, except for the right to
receive the redemption price, without interest thereon.

The notice of redemption containing information required by the terms of the
Indenture was sent to registered holders of the Notes today. Notes are to be
surrendered to The Bank of New York Mellon Trust Company, N.A. as trustee and
paying agent, in exchange for payment of the redemption price on March 15,
2013, in accordance with the instructions specified in the notice of

This is not an offer to sell or a solicitation of an offer to buy any

Arrow Electronics ( 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 470 locations in 55

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor”
for forward-looking statements. This press release includes forward-looking
statements that are subject to a number of risks and uncertainties that could
cause actual results or facts to differ materially from such statements for a
variety of reasons including, but not limited to: industry conditions, the
company’s implementation of its new enterprise resource planning system,
changes in product supply, pricing and customer demand, competition, other
vagaries in the global components and global ECS markets, changes in
relationships with key suppliers, increased profit margin pressure, the
effects of additional actions taken to become more efficient or lower costs,
risks related to the integration of acquired businesses, change in legal and
regulatory matters, the company’s ability to generate additional cash flow and
the other risks described from time to time in the company’s reports to the
Securities and Exchange Commission (including the company’s Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q). Forward-looking statements are
those statements, which are not statements of historical fact. These
forward-looking statements can be identified by forward-looking words such as
“expects,” “anticipates,” “intends,” “plans,” “may,” “will,” “believes,”
“seeks,” “estimates,” and similar expressions. Shareholders and other readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date on which they are made. The company undertakes
no obligation to update publicly or revise any of the forward-looking


Arrow Electronics, Inc.
Greer Aviv, 303-824-3765
Senior Manager, Investor Relations
Paul J. Reilly, 631-847-1872
Executive Vice President, Finance and Operations & Chief Financial Officer
John Hourigan, 303-824-4586 (Media)
Vice President, Global Communications
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