...NEW YORK (S&P Global Ratings) June 1, 2017--S&P Global Ratings today assigned its '###-' issue-level rating to Centennial, Colo.-based global technology and semiconductor products distributor Arrow Electronics Inc.'s proposed unsecured senior notes due 2028. The rating is the same as our ratings on the company's existing senior unsecured notes. The company intends to use the net proceeds to redeem all of the $200 million 6.875% notes due 2018, and tender for portions of the outstanding senior unsecured notes including the 3% notes due 2018, 6% notes due 2020, 5.125% notes due 2021, and 7.5% notes due 2027. The total principal amount of these notes was $1.05 billion at April 1, 2017. The company's notes offering does not affect our '###-' corporate credit rating on the company. While the total amount to be tendered has not been determined, we expect that the transaction will not have a material impact on the company's pro forma leverage (including our surplus cash adjustment), which we expect...
