---
title: "Avnet Expands Receivables Facility to $700 Million, Extends Term to 2028 With Wells Fargo"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291785513.md"
description: "Avnet has amended its Receivables Purchase Agreement with Wells Fargo, increasing the facility limit from $500 million to $700 million and extending the termination date to July 1, 2028. This move aims to enhance liquidity and financial flexibility. The amendment excludes certain receivables from eligibility while keeping other terms substantially unchanged."
datetime: "2026-07-06T10:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291785513.md)
  - [en](https://longbridge.com/en/news/291785513.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291785513.md)
generator: "portal-rs"
---

# Avnet Expands Receivables Facility to $700 Million, Extends Term to 2028 With Wells Fargo

Avnet entered into Amendment No. 9 to its Receivables Purchase Agreement to boost capacity and extend the program. The amendment increases the maximum purchase limit from $500 million to $700 million, extends the facility's termination date to July 1, 2028, and excludes certain receivables from eligibility. Other key terms remain substantially unchanged. The company expects the update to enhance liquidity and financial flexibility.

**Agreement details:**

-   **Agreement type**: Amendment to receivables purchase agreement (asset-backed facility)
-   **Counterparty**: Wells Fargo, as agent, and participating financial institutions
-   **Signed / Effective**: Jul 01 2026 / same
-   **Duration / Termination**: Through Jul 01 2028
-   **Reason**: Increase liquidity and extend securitization capacity

Original SEC Filing: AVNET INC \[ AVT \] - 8-K - Jul. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [AVT.US](https://longbridge.com/en/quote/AVT.US.md)
- [WFC.US](https://longbridge.com/en/quote/WFC.US.md)
- [WFC-D.US](https://longbridge.com/en/quote/WFC-D.US.md)
- [WFC-L.US](https://longbridge.com/en/quote/WFC-L.US.md)
- [WFC-Y.US](https://longbridge.com/en/quote/WFC-Y.US.md)
- [WFC-C.US](https://longbridge.com/en/quote/WFC-C.US.md)
- [WFC-Z.US](https://longbridge.com/en/quote/WFC-Z.US.md)
- [WFC-A.US](https://longbridge.com/en/quote/WFC-A.US.md)

## Related News & Research

- [Avnet raises dividend by 5% to $0.37](https://longbridge.com/en/news/296567525.md)
- [Wells Fargo joins 21-bank consortium to launch USD stablecoin venture in H2 2026](https://longbridge.com/en/news/297663766.md)
- [Arrow Electronics Extends and Upsizes Receivables Securitization to $1.75 Billion, Maturity to 2029](https://longbridge.com/en/news/298074107.md)
- [Don't Miss These 3 Companies Delivering Strong Guidance Updates](https://longbridge.com/en/news/297536361.md)
- [REG - Wells Fargo & Co Prologis, Inc. - Form 8.3 - Prologis, Inc.](https://longbridge.com/en/news/297638458.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**