Moody's: No change to Wesco

Moody's Investors Service said Wesco International, Inc.'s ratings are unaffected by the recent announcement that it upsized the U.S. dollar-denominated tranche of the term loan facility to $700 million from $605 million.

According to Moody's, proceeds were used to partially fund the redemption of Wesco's $150 million of 7.5% senior subordinated notes due 2017.

The agency said the transaction is credit positive.

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