Wesco increases revolver to $1.35 billion, extends to 2027

By Wendy Van Sickle

Columbus, Ohio, March 2 – Wesco International, Inc. amended its revolving credit facility on Tuesday to increase commitments to $1.35 billion from $1.2 billion and extend the maturity date to March 1, 2027, according to an 8-K filing with the Securities and Exchange Commission.

Also, the subfacility for loans denominated in Canadian dollars was increased to $550 million from $500 million and the accordion feature was increased to $650 million from $400 million.

Further, some negative covenants were modified to provide for additional flexibility and Libor was replaced with SOFR.

Barclays Bank plc is the administrative agent.

Canadian Imperial Bank of Commerce, New York Branch, Fifth Third Bank, NA, PNC Capital Markets LLC, PNC Bank, NA, TD Bank, NA and U.S. Bank, NA, are joint bookrunners and joint lead arrangers.

Wesco is a Valencia, Calif.-based distributor and provider of supply chain management services to the aerospace industry.

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