NasdaqGS:AVTElectronic
Avnet (AVT): Assessing Valuation After $550 Million Convertible Notes Offering
Avnet (AVT) just closed out a $550 million convertible senior note offering due in 2030, following up on its announcement a day earlier. For investors, this kind of capital-raising can be a mixed bag. On one hand, a flush of new cash can help fuel key investments or shore up the balance sheet, but it can also prompt questions about how management plans to put those funds to work, and what kind of dilution, if any, may occur down the road.
The fixed-income deal lands at an interesting time for...