Wesco Announces Pricing of Private Offering of Senior Notes Due 2031 and Senior Notes Due 2034

Core Viewpoint - Wesco International, Inc. has announced the pricing of a private offering of senior notes totaling $1.5 billion, which will be used to redeem existing debt and repay borrowings under its credit facilities [1]. Group 1: Offering Details - The offering includes $650 million of 5.250% senior notes due 2031 and $850 million of 5.500% senior notes due 2034, with the latter amount increased from a previously announced $650 million [1]. - Both the 5-Year Notes and 8-Year Notes will be issued at a price of 100.000% of their aggregate principal amount [1]. - The settlement of the notes is scheduled for February 27, 2026, subject to customary closing conditions [1]. Group 2: Use of Proceeds - Wesco estimates that the net proceeds from the offering will be approximately $1.48 billion after deducting discounts and estimated offering expenses [1]. - The proceeds will be used to redeem all outstanding 7.250% senior notes due 2028 and to repay a portion of the outstanding amount under the asset-based revolving credit facility [1]. - Prior to redeeming the 2028 notes, the company plans to temporarily repay a portion of borrowings under its accounts receivable securitization facility and the ABL Facility [1]. Group 3: Company Overview - Wesco International is a leading provider of business-to-business distribution, logistics services, and supply chain solutions, with approximately $24 billion in annual sales in 2025 [1]. - The company operates over 700 sites in approximately 50 countries, providing a local presence and a global network for its customers [1]. - Wesco employs around 21,000 people and partners with premier suppliers to serve thousands of customers worldwide [1].