WESCO Distribution, Inc., a wholly owned subsidiary of WESCO International, Inc., completed a $1.5 billion notes offering consisting of $650 million 5.250% senior notes due 2031 and $850 million 5.500% senior notes due 2034, issued at par. Net proceeds of approximately $1.48 billion will be used to redeem 7.250% senior notes due 2028 and repay portions of the ABL Facility and Receivables Facility.
Key takeaways
Offering completed February 27, 2026: $650M 5.250% senior notes due April 15, 2031
$850M 5.500% senior notes due April 15, 2034, both issued at 100.000% of principal
Net proceeds ~$1.48B after discounts and expenses
Use of proceeds: redeem Wesco 2028 Notes on/after June 15, 2026; repay ABL Facility
Guaranteed by WESCO International, Inc. and Anixter Inc.
Indenture with U.S. Bank Trust Company, National Association as trustee; includes covenants and redemption provisions