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CDW to redeem 12.535% notes due 2017 with funds from public stock sale
By Marisa Wong
Madison, Wis., March 22 - CDW Corp. plans to redeem 12.535% senior subordinated notes due Oct. 12, 2017 using proceeds from a public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission.
The notes will be redeemed at 106.268 plus accrued interest.
The redemption amount and date have yet to be announced.
As of March 22, $571.5 million principal amount of the 12.535% notes is outstanding.
Remaining proceeds from the stock offering will be used for general corporate purposes.
CDW is a Vernon Hills, Ill.-based provider of technology products and services to business, government and education customers.
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