Press release
CDW Corporation Announces Results of Tender Offers for Certain Outstanding Senior Debt Securities
VERNON HILLS, Ill.--(BUSINESS WIRE)-- CDW Corporation (“CDW”) announced the results, as of 5:00 p.m., New York City time, on August 16, 2024 (the “Expiration
About this update from Cdw Corporation
[{"type":"text","content":" VERNON HILLS, Ill.--(BUSINESS WIRE)--\nCDW Corporation (“CDW”) announced the results, as of 5:00 p.m., New York City time, on August 16, 2024 (the “Expiration Time”), of its previously announced cash tender offers for any and all of the outstanding 5.500% Senior Notes due 2024 (the “5.500% Notes”) and 4.125% Senior Notes due 2025 (the “4.125% Notes” and, together with the 5.500% Notes, the “Notes”) issued by CDW LLC and CDW Finance Corporation. The cash tender offers were announced on August 12, 2024, and were made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery, each dated August 12, 2024 (the “Tender Offer Documents”). The following table presents the aggregate principal amount of the Notes tendered and not validly withdrawn as of the Expiration Time.\n\n\n\n\nTitle of Security\n\n\n\n\n\n\nCUSIP\n\n\n\n\n\n\nPrincipal Amount\nOutstanding\n\n\n\n\n\n\nPrincipal Amount\nTendered(1)\n\n\n\n\n\n\n\n\n5.500% Notes due 2024\n\n\n\n\n\n\n12513GBA6\n\n\n\n\n\n\n$575,000,000\n\n\n\n\n\n\n$391,412,000\n\n\n\n\n\n\n\n\n4.125% Notes due 2025\n\n\n\n\n\n\n12513GBE8\n\n\n\n\n\n\n$600,000,000\n\n\n\n\n\n\n$388,687,000\n\n\n\n\n\n\n\n_______________\n\n\n\n\n(1)\n\n\n\n\n\n\nAmounts do not include the principal amount of the Notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents. $1,095,000 of the Notes were tendered through the guaranteed delivery procedures, and we expect to accept such Notes for purchase upon their timely delivery.\n\n\n\n\n\n\n\nCDW has accepted for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time. Holders whose Notes have been accepted for purchase will also receive accrued and unpaid interest on the purchased Notes from, and including, the last interest payment date for such Notes up to, but excluding, the Settlement Date (as defined below). CDW also expects to accept Notes validly tendered and delivered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents. The Guaranteed Delivery Date is August 20, 2024. CDW will not accept any further tenders.\n\n\nThe settlement date for Notes validly tendered and not validly withdrawn pursuant to the cash tender offers is expected to be August 22, 2024 (the “Settlement Date”), the second business day following the Guarante...