debt
confidence high
sentiment neutral
materiality 0.70
CDW prices $2.5B senior notes offering to fund Sirius acquisition
CDW Corp
- $1.0B 2.670% notes due 2026, $500M 3.276% notes due 2028, $1.0B 3.569% notes due 2031.
- Net proceeds to fund the $2.5B acquisition of Granite Parent (parent of Sirius Computer Solutions).
- Offering expected to close December 1, 2021, subject to customary conditions.
- Notes are senior unsecured, fully and unconditionally guaranteed by CDW Corp and certain domestic subsidiaries.