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Wesco Announces Commencement of Private Offering of Senior Notes Due 2031 and Senior Notes Due 2034
Prnewswire· 2026-02-24 13:24
Core Viewpoint - Wesco International, Inc. is initiating a private offering of $650 million in senior notes due 2031 and $650 million in senior notes due 2034 to refinance existing debt and manage its capital structure [1] Group 1: Offering Details - The offering consists of $650 million aggregate principal amount of senior notes due 2031 (5-Year Notes) and $650 million aggregate principal amount of senior notes due 2034 [1] - The net proceeds from the offering will be used to redeem all outstanding 7.250% senior notes due 2028 on or after June 15, 2026 [1] - Prior to the redemption of the Wesco 2028 Notes, the proceeds will temporarily repay a portion of outstanding borrowings under the accounts receivable securitization facility and the asset-based revolving credit facility [1] Group 2: Debt Structure - The notes will be unsecured, unsubordinated debt obligations of Wesco Distribution and will rank equally with other existing and future unsecured, unsubordinated obligations [1] - The notes will be guaranteed on an unsecured, unsubordinated basis by Wesco and its wholly owned subsidiary, Anixter Inc. [1] Group 3: Regulatory and Market Considerations - The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act and certain non-U.S. persons outside the United States under Regulation S [1] - The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption [1] Group 4: 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 employs around 21,000 people and operates more than 700 sites in approximately 50 countries [1] - Wesco offers a diverse portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions [1]
Molina Healthcare Announces Proposed Offering of $750 Million of Senior Notes Due 2031
Businesswire· 2025-11-17 13:20
Core Viewpoint - Molina Healthcare, Inc. plans to privately offer $750 million in senior notes due 2031, subject to market conditions [1] Group 1: Offering Details - The offering will consist of an aggregate principal amount of $750 million [1] - The notes will be due in 2031 [1] - The offering will be made under an exemption from the Securities Act of 1933 [1] Group 2: Target Investors - The initial purchasers will offer the notes only to persons reasonably believed to be "qualified institutional buyers" [1]