Getting your player ready...
Arrow Electronics has increased its asset securitization program to $775 million, the Arapahoe County company said today.
Bank of America, Wells Fargo, The Bank of Tokyo-Mitsubishi, The Bank of Nova Scotia, HSBC, and Mizuho agreed to provide credit against account receivables of the company’s subsidiaries for a three-year term.
Arrow links more than 1,200 suppliers to more than 115,000 original equipment manufacturers, contract manufacturers and commercial customers.
Among the services it provides customers is financing, making it easier for them to build and sell their finished goods or install their systems before paying for the components.
