CDW Corp. 8-K Filing - Senior Notes Offering
CDW LLC and CDW Finance Corporation have completed the sale of $1.5 billion in aggregate principal amount of Senior Notes. The offering includes $600 million of 5.700% Senior Notes due 2029, $500 million of 6.100% Senior Notes due 2032, and $400 million of 6.350% Senior Notes due 2033. These notes are unsecured and guaranteed by CDW Corporation. The issuance was conducted under an indenture, as supplemented by three supplemental indentures. The notes are subject to redemption under certain conditions, including a par call date, and holders may require repurchase upon a Change of Control Repurchase Event. Covenants in the indenture limit the ability of CDW LLC and CDW Corporation to incur additional liens, engage in sale and lease-back transactions, and dispose of assets. The indenture also outlines customary events of default and remedies.