Moody's: Wesco unchanged

Moody's Investors Service said it said that Wesco International, Inc.'s recently announced exchange offer does not have an impact on the ratings (Ba3 corporate family rating, stable outlook).

Specifically, Wesco is offering to exchange up to $345 million of new 6.0% convertible debentures due 2029 for the $150 million of 2.625% convertible senior debentures due 2025 (rated B1) and the $300 million of 1.75% convertible senior debentures due 2026 (unrated), the agency noted.

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