8-K
filed November 2, 2022, 7:59 PM ET
ticker WCC
CIK 0000929008
debt
confidence high
sentiment neutral
materiality 0.50
WESCO INTERNATIONAL INC (WCC): debt financing — Wesco increases revolving credit facility by $200M and receivables facility by $100M
WESCO INTERNATIONAL INC
- Revolving commitments increased from $1,525M to $1,725M on Oct 31, 2022.
- Canadian sub-facility increased from $600M to $625M.
- Receivables facility purchase limit raised from $1,525M to $1,625M.
- Amendments dated Oct 31, 2022; executed with Barclays, PNC, and other lenders.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WESCO INTERNATIONAL INC amended debt of from $1,525 million $1,625 million with PNC Bank, National Association.
- Principal
- from $1,525 million $1,625 million
- Counterparty
- PNC Bank, National Association
- Event
- amendment
Exact text from the filing
The Receivables Amendment, among other things, increases the purchase limit under the Receivables Facility from $1,525 million $1,625 million.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WESCO INTERNATIONAL INC amended revolving credit of from $1,525 million to $1,725 million with Barclays Bank PLC.
- Instrument
- revolving credit
- Principal
- from $1,525 million to $1,725 million
- Counterparty
- Barclays Bank PLC
- Event
- amendment
Exact text from the filing
The Revolver Amendment, among other things, (i) increases the revolving commitments under the Revolving Credit Facility from $1,525 million to $1,725 million and (ii) increases the sub-facility for loans denominated in Canadian dollars from $600 million to $625 million.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WESCO INTERNATIONAL INC amended Fourth Amendment to Fourth Amended and Restated Credit Agreement with Barclays Bank PLC, as administrative agent valued at increases the revolving commitments under the Revolving Credit Facility from $1,525 million to $1,72 (effective 2022-10-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC, as administrative agent
- Value
- increases the revolving commitments under the Revolving Credit Facility from $1,525 million to $1,72
- Effective
- 2022-10-31
Exact text from the filing
On October 31, 2022, WESCO Distribution, Inc., a Delaware corporation (“Wesco Distribution”), amended its revolving credit facility (the “Revolving Credit Facility”) pursuant to the terms and conditions of the Fourth Amendment to Fourth Amended and Restated Credit Agreement, dated as of October 31, 2022 (the “Revolver Amendment”), by and among WESCO International, Inc., a Delaware corporation, Wesco Distribution, as the borrower representative, the other U.S. borrowers party thereto, WESCO Distribution Canada LP, the other Canadian borrowers party thereto, the lenders party thereto and Barclays Bank PLC, as administrative agent
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WESCO INTERNATIONAL INC amended Sixth Amendment to Fifth Amended and Restated Receivables Purchase Agreement with PNC Bank, National Association, as administrator valued at increases the purchase limit under the Receivables Facility from $1,525 million $1,625 million (effective 2022-10-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association, as administrator
- Value
- increases the purchase limit under the Receivables Facility from $1,525 million $1,625 million
- Effective
- 2022-10-31
Exact text from the filing
On October 31, 2022, Wesco Distribution amended its accounts receivable securitization facility (the “Receivables Facility”) pursuant to the terms and conditions of the Sixth Amendment to Fifth Amended and Restated Receivables Purchase Agreement, dated as of October 31, 2022 (the “Receivables Amendment”), by and among WESCO Receivables Corp., Wesco Distribution, the various purchaser groups from time to time party thereto and PNC Bank, National Association, as administrator
View on SEC.gov
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