---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-346094"
form_type: "8-K"
ticker: "CDW"
cik: "0001402057"
company_name: "CDW Corp"
filed_at: "2021-12-02T23:59:59+00:00"
generated_at: "2026-06-28T04:06:45.557181+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CDW completes $2.5B cash acquisition of Sirius Computer Solutions; new $3.02B unsecured facilities

## Summary
- Acquired all equity of Granite Parent (indirect parent of Sirius) for $2.5B cash, closing Dec 1, 2021.
- Entered $1.42B term loan and $1.6B revolving credit facility, both unsecured, maturing 2026, replacing prior secured facilities.
- Deal expected to enhance services in Hybrid Infrastructure, Security, Digital/Data Innovation, Cloud & Managed Services.
- Initial net leverage ratio ~3.3x; target to delever to 2.5x–3.0x by end of 2022.
- Transaction expected to be accretive to gross margin, NGOI margin, and non-GAAP EPS.

## SEC filing metadata
- accession: 0001193125-21-346094
- form_type: 8-K
- ticker: CDW
- cik: 0001402057
- company_name: CDW Corp
- filed_at: 2021-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402057/000119312521346094/0001193125-21-346094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402057/000119312521346094/d260620d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-346094
- JSON: https://secwatch.observer/filing/0001193125-21-346094.json
- Plain text: https://secwatch.observer/filing/0001193125-21-346094.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.