01—Abstract
Summary
Summary of the 8-K filed September 21, 2026. Cited figures are marked; the original filing is the authoritative source.
On September 17, 2026, WESCO Distribution, Inc., a wholly owned subsidiary of WESCO International, Inc. (the Company), amended its revolving credit facility (the ABL Facility) through a Ninth Amendment to its Fourth Amended and Restated Credit Agreement.
The amendment extends the ABL Facility's maturity date to September 17, 2031, increases revolving commitments from $1,725 million to $1,850 milliona, decreases interest rate spreads on borrowings, increases certain negative covenant baskets, and makes other amendments. Barclays Bank PLC serves as administrative agent. On the same date, Wesco Distribution also amended its receivables securitization facility (the Receivables Facility) through a Tenth Amendment to its Fifth Amended and Restated Receivables Purchase Agreement.
The amendment extends the scheduled termination date to September 17, 2029, increases the purchase limit from $1,550 million to $1,750 millionb, and decreases the drawn spread on investments funded under the facility. PNC Bank, National Association, serves as administrator.
Together, these amendments extend the maturity of both core liquidity facilities and expand available borrowing capacity while lowering borrowing costs. The filing discloses the amendments under Item 1.01 and Item 2.03 and files the full agreements as Exhibits 10.1 and 10.2.
02—Key points
Key Highlights
- ABL Facility maturity extended to September 17, 2031, with revolving commitments increased from $1,725 million to $1,850 million.
- Interest rate spreads on ABL Facility borrowings decreased.
- Receivables Facility scheduled termination date extended to September 17, 2029.
- Receivables Facility purchase limit increased from $1,550 million to $1,750 million.
- Drawn spread applicable to investments funded under the Receivables Facility decreased.
- Certain negative covenant baskets under the ABL Facility were increased.
- Both amendments were entered into on September 17, 2026, and the full agreements are filed as Exhibits 10.1 and 10.2.
03—Questions
Frequently Asked Questions
What changed in the ABL Facility?
The Ninth Amendment extends the ABL Facility's maturity to September 17, 2031, increases revolving commitments from $1,725 million to $1,850 million, decreases interest rate spreads on borrowings, increases certain negative covenant baskets, and makes other amendments to the Credit Agreement.
What changed in the Receivables Facility?
The Tenth Amendment extends the scheduled termination date to September 17, 2029, increases the purchase limit from $1,550 million to $1,750 million, decreases the drawn spread on investments funded under the facility, and makes other amendments to the Receivables Purchase Agreement.
Who are the counterparties and agents for these facilities?
Barclays Bank PLC is administrative agent under the ABL Facility credit agreement, and PNC Bank, National Association, is administrator under the Receivables Facility purchase agreement. The lenders and purchasers are parties to the respective agreements.
Which entity is the borrower under these facilities?
WESCO Distribution, Inc., a wholly owned subsidiary of WESCO International, Inc., is the borrower/seller party to both amendments, along with other U.S. and Canadian borrowers under the ABL Facility and WESCO Receivables Corp. under the Receivables Facility.
Where can investors find the full terms of these amendments?
The complete Ninth Amendment and Tenth Amendment are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K, and the description in the filing is qualified in its entirety by those documents.
04—Continue