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Wesco International 8-K Report, Corporate Update (May 20, 2024)

Reports
Other Events
Filing Date
Filed May 20, 2024
Period End
May 20, 2024
Security
WCC
In the record · 2016–202610-K1210-Q338-K143

WCC filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 143 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Mar ’18Mar ’18
  2. Leadership change8-K · Jun ’20Jun ’20
  3. Material agreement8-K · Nov ’22Nov ’22
  4. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed May 20, 2024. Cited figures are marked; the original filing is the authoritative source.

WESCO Distribution, Inc., a Delaware corporation and wholly owned subsidiary of WESCO International, Inc., has elected to exercise its optional redemption right to redeem the entire outstanding $1,500 milliona aggregate principal amount of its 7.125% Senior Notes due 2025 (the "Notes").

This was disclosed in a Form 8-K filed under Item 8.01 (Other Events) on May 20, 2024. U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association and trustee under the indenture governing the Notes, issued a notice of redemption to registered holders. The date fixed for redemption is June 15, 2024 (the "Redemption Date").

The Notes will be redeemed at 100.000% of their principal amount, plus accrued and unpaid interest to, but not including, the Redemption Date. For investors, the filing is a debt-management event rather than an operating update: it sets out the timing and price of the redemption of $1,500 millionb of Issuer debt. The filing does not describe the funding source for the redemption or any effect on the company's operating results.

02—Key points

Key Highlights

  1. WESCO Distribution, Inc. elected to exercise its optional redemption right on the entire $1,500 million outstanding principal of its 7.125% Senior Notes due 2025.
  2. The redemption date is June 15, 2024.
  3. The redemption price is 100.000% of principal amount, plus accrued and unpaid interest to, but not including, the Redemption Date.
  4. U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee, issued the notice of redemption to registered holders.
  5. The Issuer is a wholly owned subsidiary of WESCO International, Inc.
  6. The filing is made under Item 8.01 (Other Events) and does not describe financing sources for the redemption.

03—Questions

Frequently Asked Questions

  1. What is being redeemed?

    The entire outstanding $1,500 million aggregate principal amount of the 7.125% Senior Notes due 2025 issued by WESCO Distribution, Inc.

  2. When will the Notes be redeemed?

    The date fixed for redemption is June 15, 2024.

  3. What price will holders receive?

    The Notes will be redeemed at 100.000% of their principal amount, plus accrued and unpaid interest to, but not including, the Redemption Date.

  4. Who is the issuer of the Notes?

    WESCO Distribution, Inc., a Delaware corporation and wholly owned subsidiary of WESCO International, Inc.

  5. Who issued the notice of redemption?

    U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee under the indenture governing the Notes, issued the notice to registered holders.

04—Continue

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