CDW launches $1.45 billion term loan B at Libor plus 175 bps

By Sara Rosenberg

New York, Sept. 23 – CDW LLC launched a $1.45 billion seven-year term loan B (Baa3) that is talked at Libor plus 175 basis points with a 0% Libor floor and an original issue discount of 99.75, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance an existing term loan B.

CDW is a Lincolnshire, Ill.-based technology solutions provider to business, government, education and health care organizations.

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