Wesco International Inc.
WESCO Announces Private Offering of Senior Notes Due 2033
Summary
On February 25, 2025, WESCO International, Inc. announced that its wholly owned subsidiary, WESCO Distribution, Inc., commenced a private offering of $800 million aggregate principal amount of 6.375% senior notes due 2033. The net proceeds from this offering will be used to redeem its outstanding Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock and related depositary shares, and to repay a portion of the amounts outstanding under its asset-based revolving credit facility. The notes will be unsecured and unsubordinated obligations of WESCO Distribution, and will be guaranteed by WESCO and its subsidiary, Anixter Inc. The offering is being made only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
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Exhibits (2)
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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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