CDW units plan to call $600 million of notes due 2022 via new issue

By Susanna Moon

Chicago, Feb. 23 – CDW Corp. said wholly owned subsidiaries CDW LLC and CDW Finance Corp. plan to redeem their $600 million principal amount of senior notes due 2022.

The redemption will be funded using proceeds of a new notes issue and borrowings under CDW LLC’s senior secured asset-based revolving credit facility, according to a company announcement.

The issuers plan to offer $500 million principal amount of senior notes due 2025.

The companies plan to issue a call for the notes after closing of the new issue.

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

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