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Wesco to use existing credit facility and other debt to fund Communications Supply buy
By Sara Rosenberg
New York, Oct. 3 - Wesco International Inc. plans on using borrowings under its existing credit facility, along with other indebtedness to be determined, to fund its acquisition of Communications Supply Holdings, Inc. from Harvest Partners LLC, according to a company news release.
The transaction is expected to close in early November, subject to certain customary conditions, including regulatory approvals required under the Hart-Scott-Rodino Act.
Wesco is a Pittsburgh-based distributor of electrical construction products and electrical and industrial maintenance, repair and operating supplies, and a provider of integrated supply services. Communications Supply is a Carol Stream, Ill., distributor of low voltage network infrastructure and industrial wire and cable products.
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