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Published on 8/10/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

CDW to redeem all of its $600 million senior notes due 2025

By Taylor Fox

New York, Aug. 10 – CDW Corp.’s wholly owned subsidiaries CDW LLC and CDW Finance Corp. intend to redeem all of their outstanding $600 million aggregate principal amount of senior notes due 2025 with proceeds from its $630 million senior note offering and cash on hand, according to a news release.

The notes will be redeemed at a price of 103¾ plus interest.

CDW has issued a conditional notice of redemption to holders of the 2025 senior notes. The redemption of the 2025 senior notes is contingent upon the pricing and closing of the note offering.

CDW is a Lincolnshire, Ill.-based technology company.


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