New York, February 23, 2015 -- Moody's Investors Service assigned a Baa3 rating to Arrow Electronics, Inc.'s ("Arrow") proposed offering of $700 million in seven-year and ten-year senior notes. The rating outlook is stable. Proceeds from the new issue will be used to refinance the outstanding 3-3/8% notes due November 2015 and general corporate purposes, including acquisitions. Pending the application of the proceeds, the company may also apply the proceeds to reduce amounts outstanding if any under its $1.5 billion revolving credit facility or $900 million asset securitization program.

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