CDW Completes $1.5 Billion Senior Notes Offering
Filed with the SEC on · Summarized by InvestorsBot
CDW LLC and CDW Finance Corporation completed the sale of $600 million of 5.700% notes due 2029, $500 million of 6.100% notes due 2032, and $400 million of 6.350% notes due 2033, issued at prices ranging from 99.805% to 100% of principal. The notes are unsecured senior obligations fully and unconditionally guaranteed by CDW Corporation, increasing the company’s debt commitments while allowing CDW to redeem the notes under specified terms and requiring repurchases at 101% of principal following certain change-of-control events.