Wesco Announces Commencement of Private Offering of Senior Notes Due 2033

Core Viewpoint - Wesco International, Inc. plans to offer $600 million in senior notes due 2033 to eligible purchasers, aiming to use the proceeds for redeeming its Series A Preferred Stock and repaying outstanding borrowings under its credit facilities [1][2]. Group 1: Offering Details - The offering consists of $600 million aggregate principal amount of senior notes due 2033 [1]. - The notes will be unsecured and unsubordinated debt obligations, ranking equally with existing and future unsecured obligations of Wesco Distribution [3]. - The offering will be made only to qualified institutional buyers and non-U.S. persons under specific regulations [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to redeem all outstanding Series A Preferred Stock and related depositary shares on June 22, 2025 [2]. - Prior to the redemption, proceeds will also be used to repay a portion of borrowings under the accounts receivable securitization facility and the asset-based revolving credit facility [2]. Group 3: Company Overview - Wesco International is a leading provider of business-to-business distribution, logistics services, and supply chain solutions, with approximately $22 billion in annual sales in 2024 [6]. - The company operates over 700 sites globally, providing a local presence and a global network to serve various industries [6].