Latham & Watkins Advises on Wesco’s Upsized Private US$1.75 Billion Senior Notes Offering

WESCO International, Inc. (NYSE: WCC), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, has announced that its wholly owned subsidiary, WESCO Distribution, Inc., priced its previously announced offering (to eligible purchasers of US$900 million aggregate principal amount of 6.375% senior notes due 2029 (the 5-Year Notes) and US$850 million aggregate principal amount of 6.625% senior notes due 2032 (the 8-Year Notes and, together with the 5-Year Notes, the Notes). The aggregate principal amount of the 5-Year Notes to be issued in the Offering has been increased from the previously announced US$750 million to US$900 million. The aggregate principal amount of the 8-Year Notes to be issued in the Offering has been increased from the previously announced US$750 million to US$850 million. The 5-Year Notes will be issued at a price of 100.000% of the aggregate principal amount thereof. The 8-Year Notes will be issued at a price of 100.000% of the aggregate principal amount thereof. The issuance and sale of the Notes is scheduled to settle on March 7, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a capital markets team led by partners Ian Schuman and Erika Weinberg, with associates Sofia Sitterson and Emma Gilmore. Advice was also provided on tax matters by partner Jocelyn Noll.