WESCO International Enters Material Definitive Agreement

TL;DR

WESCO just signed a big deal, watch their financials.

AI Summary

On March 7, 2024, WESCO International, Inc. entered into a material definitive agreement related to its financial obligations. The company, incorporated in Delaware, filed this 8-K report with the SEC.

Why It Matters

This filing indicates a significant new financial commitment or obligation for WESCO International, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that may not be immediately apparent.

Key Numbers

• 25-1723342 — IRS Number (Identifies the company for tax purposes.)

Key Players & Entities

• WESCO International, Inc. (company) — Registrant
• March 7, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-14989 (commission_file_number) — SEC File Number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share WCC New York Stock Exchan
• $900 million — e "Offering") to eligible purchasers of $900 million aggregate principal amount of 6.375% se
• $850 million — notes due 2029 (the "5-Year Notes") and $850 million aggregate principal amount of 6.625% se
• $1,728.4 m — he sale of the Notes were approximately $1,728.4 million, after deducting the discounts to
• $1,625 million — mit under the Receivables Facility from $1,625 million to $1,550 million, (ii) increases the c
• $1,550 m — ivables Facility from $1,625 million to $1,550 million, (ii) increases the capacity to r
• $125 million — mit under the Receivables Facility from $125 million to $300 million, (iii) extends the term
• $300 m — ceivables Facility from $125 million to $300 million, (iii) extends the termination da

Filing Documents

• d765127d8k.htm (8-K) — 41KB
• d765127dex41.htm (EX-4.1) — 649KB
• d765127dex101.htm (EX-10.1) — 763KB
• 0001193125-24-063782.txt ( ) — 1900KB
• wcc-20240307.xsd (EX-101.SCH) — 4KB
• wcc-20240307_def.xml (EX-101.DEF) — 13KB
• wcc-20240307_lab.xml (EX-101.LAB) — 22KB
• wcc-20240307_pre.xml (EX-101.PRE) — 14KB
• d765127d8k_htm.xml (XML) — 6KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Indenture, dated as of March 7, 2024, among Wesco Distribution, WESCO and U.S. Bank Trust Company, National Association, as trustee. 4.2 Form of 6.375% Senior Note due 2029 (included as Exhibit A-1 to the Indenture filed as Exhibit 4.1 hereto). 4.3 Form of 6.625% Senior Note due 2032 (included as Exhibit A-2 to the Indenture filed as Exhibit 4.1 hereto). 10.1 Eighth Amendment to Fifth Amended and Restated Receivables Purchase Agreement, dated as of March 8, 2024, by and among Wesco Distribution, WESCO Receivables Corp., the various purchasers and purchaser agents party thereto and PNC Bank, National Association, as administrator. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WESCO International, Inc. (Registrant) March 8, 2024 By: /s/ David S. Schulz (Date) David S. Schulz Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR