Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 92

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 92
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 STATEMENTS—(CONTINUED)(unaudited)

9. DEBTThe following table sets forth Wesco's outstanding indebtedness:As ofJune 30,2025December 31,2024(In millions)International lines of credit$5.6 $0.6 Accounts Receivable Securitization Facility1,300.0 1,450.0 Revolving Credit Facility475.0 525.0 6.000% Anixter Senior Notes due 20254.2 4.2 7.250% Senior Notes due 2028, less debt discount of $3.7 and $4.4 in 2025 and 2024, respectively1,321.3 1,320.6 6.375% Senior Notes due 2029900.0 900.0 6.625% Senior Notes due 2032850.0 850.0 6.375% Senior Notes due 2033800.0 — Finance lease obligations63.2 57.3 Total debt5,719.3 5,107.7 Plus: Fair value adjustments to the Anixter Senior Notes— 0.1 Less: Unamortized debt issuance costs(50.8)(42.8)Less: Short-term debt and current portion of long-term debt(27.3)(19.5)Total long-term debt$5,641.2 $5,045.5 Accounts Receivable Securitization FacilityOn February 28, 2025, Wesco Distribution amended its accounts receivable securitization facility (the “Receivables Facility”) pursuant to the terms and conditions of a Ninth Amendment to Fifth Amended and Restated Receivables Purchase Agreement (the “Ninth Receivables Amendment”), by and among WESCO Receivables Corp., Wesco Distribution, the various purchasers and purchaser agents party thereto and PNC Bank, National Association, as administrator. The Ninth Receivables Amendment modified the receivables purchase agreement originally entered into on June 22, 2020. The Ninth Receivables Amendment, among other things, extended the scheduled termination date of the Receivables Facility to February 28, 2028, and removed the credit spread adjustment applicable to term SOFR investments. No other material terms were changed.Revolving Credit FacilityOn February 28, 2025, Wesco Distribution amended its revolving credit facility