Press release
CDW Corporation Announces Pricing of Registered Offering of $2.5 Billion of Senior Notes
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- CDW Corporation (NASDAQ: CDW), a leading multi-brand technology solutions provider to business, government, education
About this update from Cdw Corporation
[{"type":"text","content":" LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--\nCDW Corporation (NASDAQ: CDW), a leading multi-brand technology solutions provider to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that its wholly owned subsidiaries CDW LLC and CDW Finance Corporation (together, the “Issuers”) have priced an offering of $2.5 billion in aggregate principal amount of senior notes (the “Notes”), in an offering registered under the Securities Act of 1933, as amended (the “Notes Offering”). The offering is expected to close on December 1, 2021, subject to the satisfaction of customary closing conditions.\n\nThe Issuers intend to use the proceeds from the Notes Offering, together with cash on hand, to fund its previously-announced acquisition of Granite Parent Inc., the parent company of Sirius Computer Solutions, Inc. (“Sirius”), for $2.5 billion (the “Acquisition”), and to pay fees and expenses related to the Acquisition.\n\nThe Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by CDW Corporation and by certain of CDW LLC’s current and future direct and indirect wholly owned domestic subsidiaries.\n\nJ.P. Morgan Securities LLC, BofA Securities, Inc., Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Capital One Securities, Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., Goldman Sachs & Co. LLC, Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., and Siebert Williams Shank & Co., LLC are acting as underwriters in this offering. The Notes Offering is being made only by means of a prospectus supplement and an accompanying base prospectus. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the Notes Offering may be obtained from (i) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood NY 11717, or by telephone: 1-866-803-9204, (ii) BofA Securities, Inc., Attn: Prospectus Department, 200 North College Street, 3rd Floor, Charlotte NC 28255-0001, or by email: [email protected], (iii) Wells Fargo Securities, LLC, Attn: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, or by telephone: 1-800-645-3751, (iv) Morgan Stanley & Co. LLC, Attn: Prospectus ...