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Form 8-K · Current Report · Filed 2024-02-27

WESCO Announces Private Offering of Senior Notes

On February 26, 2024, WESCO International, Inc.

Filer
Wesco International Inc. WCC · NYSE
Filed
Accession
0001193125-24-046635
CIK
0000929008
Signal
Medium impactIndustrials

Details

announced through its subsidiary, WESCO Distribution, Inc., the commencement and pricing of a private offering of $900 million in 5-Year Notes due 2029 and $850 million in 8-Year Notes due 2032. The offering, increased from initially announced amounts, aims to redeem outstanding 7.125% senior notes due 2025 and for general corporate purposes. The notes, unsecured and unsubordinated, are guaranteed by WESCO and its subsidiary, Anixter Inc. The transaction is subject to market conditions and complies with Rule 144A and Regulation S, targeting qualified institutional buyers and non-U.S. persons outside the United States.

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$144.60

Next session

+1.0%

Since filing

+137.5%

Latest close

$343.49

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from WCC reporting the same item, with the next session's move:

Exhibits (2)

About Wesco International Inc.

Wesco International Inc. is a leading distributor of electrical, industrial, and communications maintenance, repair, and operating (MRO) products. This asset operates at the intersection of various sectors, playing a key role in providing essential supplies to a diverse array of industries, including construction, utility, industrial, and commercial businesses. Wesco International's extensive product portfolio includes electrical and industrial control components, wiring cables, lighting solutions, and safety and security devices. The company stands out for its integrated supply chain and value-added services, such as logistics management, procurement services, and project support, which efficiently cater to customer needs across North America and globally. By delivering comprehensive supply chain solutions, Wesco International enhances operational efficiency and reliability for its clients. Founded in 1922 and headquartered in Pittsburgh, Pennsylvania, Wesco International has established itself as a pivotal player in the B2B distribution industry, underscoring its importance in connecting suppliers and customers with essential goods and services to support infrastructure and project endeavors.

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