CDW issues USD 1.5 billion of senior notes in three-tranche offering
CDW•CDW prices $1.5 billion senior notes offering
- CDW priced a registered offering of $1.5 billion of senior notes issued by CDW LLC and CDW Finance.
- The deal included $600 million of 5.700% Senior Notes due 2029 and $500 million of 6.100% Senior Notes due 2032.
- It also sold $400 million of 6.350% Senior Notes due 2033; issue prices were 99.91, 100 and 99.81, respectively.
- The notes are fully and unconditionally guaranteed on an unsecured senior basis by CDW Corporation.
- The co-issuers can redeem the notes before par call at make-whole; holders can put the notes at 101% on a change of control event.
