secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2021-12-02T23:59:59+00:00
Accession:  0001193125-21-346094
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000119312521346094/0001193125-21-346094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000119312521346094/d260620d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-346094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer