Wesco Announces Commencement of Private Offering of Senior Notes Due 2033
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WESCO International, Inc. announced a private offering of $600 million in senior notes due 2033. The proceeds will be used to redeem its Series A Preferred Stock and repay part of its revolving credit facility.
February 25, 2025 | 1:15 pm
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WESCO International is issuing $600 million in senior notes to redeem its Series A Preferred Stock and repay part of its credit facility. This move could improve its financial structure by reducing high-interest obligations.
The issuance of senior notes to redeem high-interest preferred stock and repay credit facilities suggests a strategic move to optimize WESCO's capital structure. This could lead to reduced interest expenses and improved financial health, potentially boosting investor confidence.
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