Westcon Group refinances with $250 million North American facility

By Susanna Moon

Chicago, Dec. 21 - Westcon Group said it completed refinancing its North American credit facility for $250 million and may boost the total size by up to $50 million.

The refinancing allows the company to improve its liquidity throughout North America and its flexibility to support other strategic growth initiatives, such as those in Latin America, according to a company press release.

HSBC Bank USA, NA is the administrative agent and joint lead arranger for the facility. Wells Fargo Capital Finance, LLC is joint lead arranger and syndication agent. TD Bank, NA and PNC Bank, NA are the co-documentation agents.

Westcon is a Tarrytown, N.Y.-based distributor of networking, security and communications equipment for technology vendors.

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