Wesco International Inc.
WESCO International Announces Redemption of Series A Preferred Stock
Summary
WESCO International, Inc. announced the redemption of all outstanding 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock and related Depositary Shares on June 22, 2025, at a redemption price of $25,597.65625 per share of Series A Preferred Stock or $25.59765625 per Depositary Share. The Company expects to record a gain of approximately $30 million to net income attributable to holders of common stock in the second quarter of 2025 as a result of the redemption.
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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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