Press release
CDW Corporation Commences Offers to Purchase Certain Outstanding Senior Debt Securities
VERNON HILLS, Ill.--(BUSINESS WIRE)-- CDW Corporation (“CDW”) today announced that it has commenced cash tender offers to purchase any and all of the
About this update from Cdw Corporation
[{"type":"text","content":" VERNON HILLS, Ill.--(BUSINESS WIRE)--\nCDW Corporation (“CDW”) today announced that it has commenced cash tender offers to purchase 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 “Issuers”), for the consideration described below.\n\n\n\n\nTitle of Security\n\n\n\n\n\n\nCUSIP\n\n\n\n\n\n\nAggregate\nPrincipal Amount\nOutstanding\n\n\n\n\n\n\nMaturity Date\n\n\n\n\n\n\nTreasury\n\n\n\n\nReference Security\n\n\n\n\n\n\nBloomberg\nReference\nPage(1)\n\n\n\n\n\n\nFixed\nSpread\n\n\n\n\n\n\nConsideration(2)\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\nDecember 1, 2024\n\n\n\n\n\n\nN/A\n\n\n\n\n\n\nN/A\n\n\n\n\n\n\nN/A\n\n\n\n\n\n\n$1,000.00\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\nMay 1, 2025\n\n\n\n\n\n\n3.875% due April 30, 2025\n\n\n\n\n\n\nFIT3\n\n\n\n\n\n\n50 bps\n\n\n\n\n\n\nTo be determined at the Price Determination Time(3)\n\n\n\n\n\n\n\n\n\n_____________________\n\n\n\n\n\n\n\n\n(1)\n\n\n\n\n\n\n \n\n\n\n\n\n\nThe Bloomberg Reference Page is provided for convenience only. To the extent any Bloomberg Reference Page changes prior to the Price Determination Time (as defined below), the Joint Dealer Managers referred to below will quote the Treasury Reference Security from the updated Bloomberg Reference Page.\n\n\n\n\n\n\n\n\n(2)\n\n\n\n\n\n\n \n\n\n\n\n\n\nPer $1,000 principal amount of Notes validly tendered before the Expiration Time (as defined below), not validly withdrawn and accepted for purchase. In addition to the applicable consideration, all holders will also receive accrued and unpaid interest on the Notes from, and including, the last interest payment date up to, but excluding, the Settlement Date (as defined below).\n\n\n\n\n\n\n\n\n(3)\n\n\n\n\n\n\n \n\n\n\n\n\n\nThe consideration offered per $1,000 principal amount of 4.125% Notes validly tendered and accepted for purchase pursuant to the offer therefor will be determined by the Joint Dealer Managers referred to below. Such Consideration for each $1,000 principal amount of 4.125% Notes will equal the lesser of (x) the amount determined in the manner described in ...