Wesco announces commencement of private offering of senior notes due 2033

Pittsburgh , feb. 25, 2025 /prnewswire/ -- wesco international, inc. (nyse: wcc) ("wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, wesco distribution, inc. ("wesco distribution"), intends to offer (the "offering") to eligible purchasers, subject to market and other conditions, $600 million aggregate principal amount of senior notes due 2033 (the "notes"). wesco intends to use the net proceeds from this offering to redeem all of its outstanding 10.625% series a fixed-rate reset cumulative perpetual preferred stock (the "series a preferred stock") and all of the related depositary shares representing fractional interests in the series a preferred stock (the "series a depositary shares") on june 22, 2025, and repay a portion of the amounts outstanding under its asset-based revolving credit facility (the "abl facility").
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