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Recent Updates — ARW

September 4, 2026View Source ↗

Arrow Electronics entered into Amendment No. 36 to its North American Asset Securitization Facility on September 2, 2026. The amendment increases the facility limit from $1.5 billion to $1.75 billion and extends the maturity date from September 10, 2027, to September 2, 2029. It also adds a step-up provision for leverage ratios during material acquisitions and modifies certain definitions. The participating banks include Bank of America, PNC Bank, Truist Bank, Wells Fargo, Mizuho Bank, and Sumitomo Mitsui Banking Corporation. Arrow Electronics operates in the electronics distribution industry.

August 6, 2026View Source ↗

Arrow Electronics reported second-quarter 2026 results with total revenue of $10.0 billion, a 32% year-over-year increase, and diluted earnings per share of $5.26, both exceeding guidance. The company also announced the appointment of Deidra C. Merriwether as President and Chief Operating Officer, effective September 8, 2026. Merriwether will receive a $900,000 base salary, a $1.125 million target annual cash incentive, and significant equity awards including a $6.5 million RSU grant and a $3 million PSU/RSU package, along with a $535,000 sign-on bonus. Arrow Electronics sources and engineers technology solutions for manufacturers and service providers.