PITTSBURGH — WESCO International, Inc. (NYSE: WCC) announced today that its wholly-owned subsidiary, WESCO Distribution, Inc. (the “Company”), is planning, subject to market and other conditions, to offer $400 million aggregate principal amount of senior notes due 2021 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). It is expected that the Notes will be guaranteed by WESCO International, Inc.
The Company intends to use all or a portion of the net proceeds from the offering of the Notes to repay amounts outstanding under the Company’s U.S. sub-facility of its term loan facility.
This is not an offer to sell or the solicitation of an offer to buy any securities. The Notes and related guarantee are being offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantee have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.
Tagged with tED