Wesco Distribution gets $440 million amended and restated revolver

By Sara Rosenberg

New York, Nov. 7 - Wesco Distribution Inc. closed on a $440 million amended and restated revolving credit facility due November 2012, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

General Electric Capital Corp. acted as lead arranger and administrative agent on the deal.

The revolver, which was completed on Nov. 1, has a U.S. sub-facility with a borrowing limit of up to $375 million and a Canadian sub-facility with a borrowing limit of up to $65 million.

Pricing on the facility can range from Libor plus 100 to 175 basis points depending on the amount of excess availability.

The new revolver replaces the company's previous $275 million revolver.

Wesco is a Pittsburgh-based distributor of electrical construction products and electrical and industrial maintenance, repair and operating supplies, and a provider of integrated supply services.

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