Company: WCC
Filing Date: 2025-02-26
Form Type: 8-K
Source: 0001193125-25-035517
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Company: WESCO INTERNATIONAL INC
Filing Date: 2025-02-26
Form: 8-K
Item: Item 8.01
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Item 8.01.      Other Events.  

On February 25, 2025, WESCO International, Inc. (the “ Company”) announced that its wholly owned subsidiary, WESCO Distribution, Inc. (the “ Issuer”), commenced and subsequently priced a private offering (the “ Offering”) to eligible purchasers, subject to market and other conditions, of $800 million aggregate principal amount of 6.375% senior notes due 2033 (the “ Notes”). The aggregate principal amount of the Notes to be issued in the Offering has been increased from the previously announced $600 million to $800 million.

The Company intends to use the net proceeds from this Offering to redeem all of its outstanding 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock (the “ Series A Preferred Stock”) and all of the related depositary shares representing fractional interests in the Series A Preferred Stock (the “ Series A Depositary Shares”) on June 22, 2025, and repay a portion of the amounts outstanding under its asset-based revolving credit facility (the “ ABL Facility”). Prior to such redemption, the Company intends to use the net proceeds from this Offering to repay a portion of the outstanding borrowings under its accounts receivable securitization facility and the ABL Facility. The Notes will be unsecured and unsubordinated obligations of the Issuer and will be guaranteed on an unsecured, unsubordinated basis by the Company and its wholly owned subsidiary, Anixter Inc.

Copies of the press releases announcing the launch and pricing of the Offering are being filed as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form8-Kand are incorporated herein by reference.

This Current Report on Form8-Kdoes not and will not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any other securities, nor will there be any sale of the Notes or any other securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer will be made only by means of a private offering memorandum. This Current Report on Form8-Kdoes not constitute a notice of redemption with respect to the Series A Preferred Stock and the related Series A Depositary Shares.