NEW YORK (Standard&Poor's) Oct. 29, 2010--Standard&Poor's Ratings Services said today it assigned its issue-level rating of 'BBB-'to Melville, N.Y.-based Arrow Electronics Inc.'s $250 million senior unsecured notes due 2015 and $250 million senior unsecured notes due 2021. The company intends to use net proceeds from the sale of the notes to pay for recently closed and pending acquisitions and for general corporate purposes. Pending such uses, net proceeds may be used to repay outstanding debt under their $800 million revolving credit facility and their $300 million asset securitization program. The corporate credit rating on Arrow is 'BBB-' and remains unchanged; the rating outlook is stable. (For the complete corporate credit rating rationale, see the summary analysis
