debt
confidence high
sentiment neutral
materiality 0.50
CDW issues $1.2B of senior notes in two tranches: $600M at 5.100% due 2030 and $600M at 5.550% due 2034
CDW Corp
- $600M of 5.100% Senior Notes due 2030 priced at 99.889%; $600M of 5.550% Senior Notes due 2034 priced at 99.742%.
- 2030 Notes mature March 1, 2030; 2034 Notes mature August 22, 2034; interest payable semi-annually.
- Co-issuers are CDW LLC and CDW Finance Corp; guaranteed by CDW Corp and other guarantors.
- Notes redeemable at Treasury rate plus 25 bps (2030) or 30 bps (2034) prior to par call dates; change of control repurchase at 101%.