CDW to draw on revolver to fund planned tender offer

By Angela McDaniels

Tacoma, Wash., Feb. 2 - CDW Corp. plans to use borrowings under its revolving credit facility, cash on hand and the proceeds of a new issue of notes to fund a tender offer, according to a company news release.

The company priced $130 million of 8½% senior notes due 2019 on Thursday.

The planned tender offer is for CDW's 11% senior exchange notes due 2015 and 11½%/12¼% senior payment-in-kind election exchange notes due 2015.

CDW is a Vernon Hills, Ill.-based provider of technology products and services to business, government and education customers.

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