Obligation AvnetTech 6.625% ( US053807AN31 ) en USD

AvnetTech

100 % ⇌

Etas-Unis

US053807AN31 ( en USD )

6.625% par an ( paiement semestriel )

15/09/2016 - Obligation échue

Prospectus brochure de l'obligation Avnet US053807AN31 en USD 6.625%, échue

1 000 USD

300 000 000 USD

053807AN3

BBB- ( Qualité moyenne inférieure )

Baa3 ( Qualité moyenne inférieure )

Avnet est un distributeur mondial de composants électroniques et de solutions d'intégration, offrant une large gamme de produits et services aux fabricants et aux concepteurs.

L'Obligation émise par AvnetTech ( Etas-Unis ) , en USD, avec le code ISIN US053807AN31, paye un coupon de 6.625% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/09/2016

L'Obligation émise par AvnetTech ( Etas-Unis ) , en USD, avec le code ISIN US053807AN31, a été notée Baa3 ( Qualité moyenne inférieure ) par l'agence de notation Moody's.

L'Obligation émise par AvnetTech ( Etas-Unis ) , en USD, avec le code ISIN US053807AN31, a été notée BBB- ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

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Table of Contents
Prospectus Supplement
Filed Pursuant to Rule
September 7, 2006
424(b)(2)
(To Prospectus dated November 10, 2003)
Registration No. 333-107474
$300,000,000

Avnet, Inc.
6.625% Notes due 2016

Avnet will pay interest on the notes on March 15 and September 15 of each year. The first interest payment will
be made on March 15, 2007. The notes will mature on September 15, 2016. Avnet may redeem some or all of the
notes at any time at the "make-whole" redemption price set forth in this prospectus supplement under "Description of
the Notes -- Optional Redemption."
The notes will be Avnet's unsecured senior obligations and will rank equally with Avnet's other unsecured senior
indebtedness from time to time outstanding.
See "Risk Factors" beginning on page S-6 of this prospectus supplement to read about factors you should
consider before investing in the notes.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus
to which it relates is truthful or complete. Any representation to the contrary is a criminal offense.

Per Note
Total

Price to public(1)

99.545%
$ 298,635,000
Underwriting discounts and commissions

0.85%
$
2,550,000
Proceeds (before expenses) to Avnet(1)

98.695%
$ 296,085,000

(1)
Plus accrued interest from September 12, 2006, if settlement occurs after that date.
Delivery of the notes in book-entry form only will be made through the facilities of The Depository Trust
Company on or about September 12, 2006.

Joint Book-Running Managers
Banc of America Securities
JPMorgan
LLC
Lead Manager
Credit Suisse
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Co-Managers
ABN AMRO
BNP PARIBAS
Scotia Capital
Calyon Securities (USA)
Incorporated
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TABLE OF CONTENTS
Prospectus Supplement

Page

Forward-Looking Statements

iii
Where You Can Find More Information

iii
Incorporation by Reference

iv
Prospectus Summary

S-1
Risk Factors

S-6
Use of Proceeds

S-8
Description of the Notes

S-9
Material U.S. Federal Income Tax Considerations to Non-U.S. Holders

S-14
Underwriting

S-16
Legal Matters

S-18
Experts

S-18
Prospectus

Page

About this Prospectus

3
The Company

3
Ratio of Earnings to Fixed Charges

4
Use of Proceeds

4
Description of Debt Securities

5

Ranking of Debt Securities

6

Conversion Rights

8

Exchange, Registration, Transfer and Payment

8

Global Debt Securities

8

Covenants

9

Restrictions on Mergers and Consolidations

12

Events of Default

12

Modification of the Indenture

13

Defeasance and Discharge

13

Concerning the Trustee

13
Description of Capital Stock

14

Board of Directors

14

Power to Call Special Shareholders Meetings

14

Actions by Written Consent of Shareholders

15

Dividends and Repurchases of Shares

15

Approval of Certain Business Combinations and Reorganizations

15

Business Combination Following a Change in Control

15

Dissenters' Appraisal Rights

15
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Table of Contents

Page

Description of Warrants

16

Debt Warrants

16

Equity Warrants

17

Exercise of Warrants

17
Description of Stock Purchase Contracts and Stock Purchase Units

18
Description of Units

18
Plan of Distribution

19
Legal Matters

20
Experts

20
Where You Can Find More Information

21

You should rely only on the information contained or incorporated by reference in this prospectus supplement or the
accompanying prospectus or to which Avnet has referred you. Avnet has not authorized anyone to provide you with
information that is different. This prospectus supplement and the accompanying prospectus may only be used where it is
legal to sell these securities. The information contained or incorporated by reference in this prospectus supplement or the
accompanying prospectus may only be accurate as of the date of the applicable document.
References in this prospectus supplement and the accompanying prospectus to "we," "us," "our" and "Avnet" are to
Avnet, Inc. and its consolidated subsidiaries unless we state otherwise or unless the context otherwise requires.
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FORWARD-LOOKING STATEMENTS
This prospectus supplement and the accompanying prospectus contain or incorporate by reference forward-
looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, with respect to the financial condition, results of operations and
business of Avnet. You can find many of these statements by looking for words like "believes," "expects,"
"anticipates," "should," "will," "may," "estimates" or similar expressions in this prospectus supplement and the
accompanying prospectus or in documents incorporated by reference in this prospectus supplement and the
accompanying prospectus.
These forward-looking statements are subject to numerous assumptions, risks and uncertainties. Factors that may
cause actual results to differ materially from those contemplated by the forward-looking statements include the
following:

· A technology industry down-cycle, particularly in the semiconductor sector, would adversely affect Avnet's
expected operating results.

· Competitive pressures among distributors of electronic components and computer products may increase
significantly through increased competition for existing customers or otherwise.

· General economic or business conditions, domestic and foreign, may be less favorable than management
expected, resulting in lower sales and profitability which can, in turn, impact Avnet's credit ratings, debt
covenant compliance and liquidity, as well as Avnet's ability to maintain existing unsecured financing or to
obtain new financing.

· Avnet may be adversely affected by the allocation of products by suppliers.

· Legislative or regulatory changes may adversely affect the businesses in which Avnet is engaged.

· Adverse changes may occur in the securities markets.

· Changes in interest rates and currency fluctuations may reduce Avnet's profit margins.
Although management believes that the plans and expectations reflected in or suggested by these forward-looking
statements are reasonable, management cannot assure you that Avnet will achieve or realize these plans and
expectations. Because forward-looking statements are subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by them. Management cautions you not to place undue reliance on these
statements, which speak only as of the date of this prospectus supplement.
Avnet does not undertake any obligation to update publicly or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.
WHERE YOU CAN FIND MORE INFORMATION
This prospectus supplement and the accompanying prospectus are a part of a registration statement on Form S-3,
Registration No. 333-107474, which Avnet filed with the Securities and Exchange Commission (the "SEC") under
the Securities Act of 1933, as amended (the "Securities Act"). Avnet refers you to this registration statement for
further information concerning Avnet and this offering of its securities.
Avnet files annual, quarterly and special reports, proxy statements and other information with the SEC (File
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Number 1-4224). These filings contain important information which does not appear in this prospectus supplement or
the accompanying prospectus. For further information about Avnet, you may obtain these filings over the Internet at
the SEC's website at http://www.sec.gov. Avnet also posts certain of these filings on its web site at www.avnet.com.
Information contained on our website is not intended to be incorporated by reference in this prospectus supplement
or the accompanying prospectus and you should not consider that information a part of this prospectus supplement or
the accompanying prospectus. Our website address is included in this prospectus supplement as an inactive textual
reference only. You may also read and copy these filings at the SEC's Public Reference Room at 100 F Street, N.E.,
Room 1580 Washington, D.C.
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20549. You may obtain information on the operation of the public reference room by calling the SEC at 1-800-732-
0330.
INCORPORATION BY REFERENCE
The SEC allows Avnet to "incorporate by reference" information into this prospectus supplement and the
accompanying prospectus, which means that Avnet can disclose important information to you by referring you to
other documents which Avnet has filed or will file with the SEC. Avnet is incorporating by reference in this
prospectus supplement and the accompanying prospectus:

· Avnet's Annual Report on Form 10-K for the fiscal year ended July 1, 2006; and

· Avnet's Current Report on Form 8-K filed on August 30, 2006.
All documents which Avnet has filed or will file, as applicable, with the SEC pursuant to Section 13(a), 13(c), 14
or 15(d) of the Securities Exchange Act, as amended (the "Exchange Act") (excluding information "furnished"
pursuant to Item 2.02 or Item 7.01 on any current report on Form 8-K), after the date of this prospectus supplement
and before the termination of this offering of Avnet's securities will be deemed to be incorporated by reference in
this prospectus supplement and the accompanying prospectus and to be a part of it from the filing date of such
documents. Certain statements in and portions of this prospectus supplement and the accompanying prospectus
update and replace information in the above listed documents incorporated by reference. Likewise, statements in or
portions of a future document incorporated by reference in this prospectus supplement and the accompanying
prospectus may update and replace statements in and portions of this prospectus supplement and the accompanying
prospectus or the above listed documents. Nothing in this prospectus supplement and the accompanying prospectus
shall be deemed to incorporate information furnished but not filed with the SEC.
Avnet will provide you without charge, upon your written or oral request, a copy of the indenture or other
agreement relating to Avnet's securities offered by this prospectus supplement and the accompanying prospectus,
and any of the documents incorporated by reference in this prospectus supplement and the accompanying prospectus,
other than exhibits to such documents which are not specifically incorporated by reference into such documents.
Please direct your written or telephone requests to the Corporate Secretary, Avnet, Inc., 2211 South 47th Street,
Phoenix, Arizona 85034 (Telephone 480-643-2000).
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PROSPECTUS SUMMARY
The following summary contains information about Avnet and this offering. It does not contain all of the
information that may be important to you in making a decision to purchase the notes. For a more
comprehensive understanding of Avnet and this offering, Avnet urges you to read this entire prospectus
supplement and the accompanying prospectus carefully, including the documents incorporated by reference
herein, and Avnet's consolidated financial statements and related notes contained in such documents.
Avnet, Inc.
Avnet is one of the world's largest industrial distributors, based on sales, of electronic components,
enterprise computer products and embedded subsystems. With sales of $14.25 billion in fiscal 2006, Avnet
creates a vital link in the technology supply chain that connects over 300 of the world's leading electronic
component and computer product manufacturers and software developers as a single source for multiple
products for a global customer base of over 100,000 original equipment manufacturers ("OEMs"), electronic
manufacturing services ("EMS") providers, original design manufacturers ("ODMs"), and value-added resellers
("VARs"). Avnet distributes electronic components, computer products and software as received from its
suppliers or with assembly or other value added by Avnet. Additionally, Avnet provides engineering design,
materials management and logistics services, system integration and configuration, and supply chain advisory
services.
Avnet has two primary operating groups -- Electronics Marketing ("EM") and Technology Solutions
("TS"). Both operating groups have operations in each of the three major economic regions of the world: the
Americas; Europe, the Middle East and Africa ("EMEA"); and Asia. A brief summary of each operating group
is provided below:

· EM markets and sells semiconductors and interconnect, passive and electromechanical devices on behalf of
over 300 of the world's leading electronic component manufacturers. EM markets and sells its products and
services to a diverse customer base spread across end-markets including communications, computer
hardware and peripheral, industrial and manufacturing, medical equipment, military and aerospace. EM
also offers an array of value-added services to its customers and suppliers that help accelerate their growth
and the realization of cost efficiencies.

· TS markets and sells mid- to high-end servers, data storage, software, and the services required to
implement these products and solutions to the VAR channel. TS also focuses on the worldwide OEM
market for computing technology, system integrators and non-PC OEMs that require embedded systems
and solutions including engineering, product prototyping, integration and other value-added services.
Avnet's common stock is quoted on the New York Stock Exchange under the symbol "AVT." Avnet's
principal executive offices are located at 2211 South 47th Street, Phoenix, Arizona 85034. Avnet's telephone
number is (480) 643-2000.
S-1
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Document Outline

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