debt
confidence high
sentiment neutral
materiality 0.50
WESCO amends credit facilities: revolver raised to $1.35B, receivables to $1.4B, maturities extended
WESCO INTERNATIONAL INC
- Revolving commitments increased from $1.2B to $1.35B; maturity extended to March 1, 2027.
- Receivables facility purchase limit increased from $1.3B to $1.4B; maturity extended to March 1, 2025.
- Interest rate benchmark transitions from LIBOR to SOFR; receivables spread reduced from 1.15% to 1.10%.
- Capacity to request future revolver increases raised from $400M to $650M; Canadian sub-facility increased to $550M.