Moody’s applies B3 to CDW notes

Moody's Investors Service said it assigned a B3 rating to the proposed $575 million 10-year senior unsecured notes to be issued by CDW LLC, a wholly owned subsidiary of CDW Corp.

CDW's other wholly owned subsidiary, CDW Finance Corp., will be a co-borrower.

Proceeds will be used for general corporate purposes, including refinancing a portion of the existing $1,045,000,000 of senior notes due 2019.

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