WESCO unit issues $1.5 billion senior notes due 2031 and 2034

Reuters
Feb 28
WESCO unit issues $1.5 billion senior notes due 2031 and 2034

WESCO Distribution, a wholly owned subsidiary of WESCO International, completed a private offering of $650 million of 5.250% senior notes due 2031 and $850 million of 5.500% senior notes due 2034 under an indenture with U.S. Bank Trust Company as trustee. Net proceeds of about $1.48 billion are expected to be used to redeem its 7.250% senior notes due 2028 and to repay a portion of amounts outstanding under its asset-based revolving credit facility, with interim repayments and reborrowings under its receivables securitization and ABL facilities planned ahead of the 2028 note redemption.

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