Wesco International (WCC) recently completed a $1.5 billion senior notes offering to refinance debt and extend its debt maturity profile. The offering included $650 million in 5.250% notes due 2031 and $850 million in 5.500% notes due 2034, with net proceeds of approximately $1.48 billion designated for redeeming 2028 senior notes and managing existing credit facilities. This move is expected to potentially lower the overall cost of capital and strengthen creditor protections.
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Wesco International Completes $1.5 Billion Senior Notes Offering
Wesco International (WCC) recently completed a $1.5 billion senior notes offering to refinance debt and extend its debt maturity profile. The offering included $650 million in 5.250% notes due 2031 and $850 million in 5.500% notes due 2034, with net proceeds of approximately $1.48 billion designated for redeeming 2028 senior notes and managing existing credit facilities. This move is expected to potentially lower the overall cost of capital and strengthen creditor protections.