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Form 8-K · Current Report · Filed 2024-03-08

WESCO International Announces Senior Notes Offering and Receivables Purchase Agreement Amendment

On March 7, 2024, WESCO Distribution, Inc., a subsidiary of WESCO International, completed a senior notes offering totaling $1.75 billion to redeem existing debt and for general corporate purposes.

Filer
Wesco International Inc. WCC · NYSE
Filed
Accession
0001193125-24-063782
CIK
0000929008
Signal
Medium impactIndustrials

Details

On March 8, 2024, Wesco Distribution amended its Receivables Purchase Agreement, reducing the purchase limit and extending the termination date among other changes.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$160.29

Next session

-1.7%

Since filing

+114.3%

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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