Wesco Announces Commencement of Private Offering of Senior Notes Due 2031 and Senior Notes Due 2034

Rhea-AI Summary

Wesco (NYSE: WCC) announced that WESCO Distribution intends to privately offer $650 million of senior notes due 2031 and $650 million of senior notes due 2034, totaling $1.3 billion. Proceeds, together with ABL borrowings, are intended to redeem all outstanding 7.250% senior notes due 2028 on or after June 15, 2026.

The Notes will be unsecured, unsubordinated obligations of WESCO Distribution and guaranteed on an unsecured, unsubordinated basis by Wesco and Anixter Inc. The offering is limited to qualified institutional buyers and non-U.S. persons under Regulation S.

Positive

• $1.3 billion of new senior notes (2031 and 2034)
• Plan to redeem all outstanding 7.250% 2028 notes on/after June 15, 2026
• Notes guaranteed by Wesco and Anixter, preserving issuer credit support

Negative

• Notes are unsecured, ranking equally with other unsecured obligations
• Offering proceeds temporarily used to repay and redraw asset facilities before redemption
• Private placement limits liquidity for retail investors due to Rule 144A/Reg S sale restrictions

News Market Reaction – WCC

+3.23%

1 alert

+3.23% News Effect

On the day this news was published, WCC gained 3.23%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Senior notes 2031: $650 million Senior notes 2034: $650 million Coupon Wesco 2028 Notes: 7.250% +5 more

8 metrics

Senior notes 2031 $650 million Aggregate principal amount of senior notes due 2031 in current Offering

Senior notes 2034 $650 million Aggregate principal amount of senior notes due 2034 in current Offering

Coupon Wesco 2028 Notes 7.250% Interest rate on senior notes due 2028 to be redeemed

Annual sales 2025 $24 billion Approximate annual sales in 2025 cited in article

Employees 21,000 Approximate number of employees worldwide

Global sites More than 700 Distribution, fulfillment, and sales locations across ~50 countries

Senior notes 2033 $800 million Principal amount of 2033 notes priced in Feb 2025

Interest rate 2033 notes 6.375% Coupon on senior notes due 2033 priced Feb 2025

Market Reality Check

Price: $295.77 Vol: Volume 555,639 is below t...

normal vol

$295.77 Last Close

Volume Volume 555,639 is below the 20-day average of 712,121 (relative volume 0.78). normal

Technical Price 286.51 is trading above the 200-day MA at 228.07 and is 10.37% below the 52-week high and 128.83% above the 52-week low.

Peers on Argus

WCC was down 3.53% while key peers showed mixed, mostly smaller moves: POOL -1.0...

WCC was down 3.53% while key peers showed mixed, mostly smaller moves: POOL -1.05%, AIT -0.33%, WSO +0.42%, QXO -2.37%, CNM -2.13%. This points to a stock-specific reaction rather than a broad sector move.

Previous Private placement,offering Reports

4 past events · Latest: Feb 25 (Neutral)

Same Type Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Feb 25	Notes pricing 2033	Neutral	+3.7%	Priced $800M senior notes due 2033 at 6.375% to redeem preferreds and repay debt.
Feb 25	Notes offering 2033	Neutral	-1.6%	Announced $600M private senior notes due 2033 to redeem preferreds and repay facilities.
Feb 26	Pricing 2029 & 2032	Neutral	-0.2%	Priced private offering of senior notes due 2029 and 2032 for balance sheet uses.
Feb 26	Offering 2029 & 2032	Neutral	-0.6%	Commenced private offering of senior notes due 2029 and 2032 to refinance obligations.

Pattern Detected

Past private offerings for WCC have produced modest single-day reactions, with an average move of about 0.33% across the last 4 similar announcements.

Recent Company History

Over the past two years, Wesco has repeatedly used private senior note offerings to refinance existing capital structures. In February 2025, it announced and then priced senior notes due 2033 to redeem 10.625% preferred stock and repay revolving and receivables facilities. In February 2024, it announced and priced senior notes due 2029 and 2032. Today’s Offering continues this pattern, adding 2031 and 2034 maturities to redeem 7.250% senior notes due 2028 and manage ABL and receivables facility balances.

Historical Comparison

+0.3% avg move · In the last four private offering announcements, WCC’s average 1-day move was only 0.33%, suggesting...

private placement,offering

+0.3%

Average Historical Move private placement,offering

In the last four private offering announcements, WCC’s average 1-day move was only 0.33%, suggesting these balance-sheet actions have historically prompted limited price swings.

Wesco has followed a consistent pattern of issuing unsecured senior notes (2029, 2032, 2033, now 2031 and 2034) to redeem higher-cost securities and adjust ABL and receivables facility borrowings.

Market Pulse Summary

This announcement details a new private senior notes Offering split between 2031 and 2034 maturities...

Analysis

This announcement details a new private senior notes Offering split between 2031 and 2034 maturities, with proceeds intended to redeem 7.250% senior notes due 2028 and temporarily reduce ABL and receivables facility borrowings. Historically, Wesco has issued comparable notes to refinance preferred stock and debt, with an average move of about 0.33% on similar past news. Investors may focus on closing of the Offering, final terms, and execution of the planned redemption.

Key Terms

senior notes, asset-based revolving credit facility, accounts receivable securitization facility, Rule 144A, +3 more

7 terms

senior notes financial

"intends to offer ... $650 million aggregate principal amount of senior notes due 2031"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

asset-based revolving credit facility financial

"together with borrowings under its asset-based revolving credit facility (the "ABL Facility")"

A loan arrangement where a lender agrees to make funds available up to a set limit that a borrower can draw, repay, and draw again, with the amount available tied to the value of specific assets (like inventory, receivables, or equipment) pledged as collateral. It matters to investors because it provides flexible working capital while limiting risk exposure: the company can fund growth or cover shortfalls quickly, but borrowing capacity can shrink if asset values fall.

accounts receivable securitization facility financial

"repay a portion of the outstanding borrowings under its accounts receivable securitization facility"

A accounts receivable securitization facility is a financing arrangement where a company converts its unpaid customer invoices into immediate cash by selling them or using them as collateral for a line of credit. Think of it like using a stack of IOUs as a short-term loan to smooth cash flow; it matters to investors because it changes a company’s liquidity, borrowing profile and risk exposure without necessarily showing up as traditional debt, affecting valuation and credit health.

Rule 144A regulatory

"qualified institutional buyers" under Rule 144A of the Securities Act of 1933"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

Regulation S regulatory

"and to certain non-U.S. persons outside the United States under Regulation S of the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

qualified institutional buyers financial

"offered and sold only to persons reasonably believed to be "qualified institutional buyers""

Qualified institutional buyers are large organizations, like big investment firms or banks, that are allowed to buy certain types of investment opportunities not available to everyday investors. Their size and experience matter because it ensures they understand and can handle complex financial deals, making markets more efficient and secure.

forward-looking statements regulatory

"should be considered as "forward-looking statements" within the meaning of the Private Securities"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

PITTSBURGH, Feb. 24, 2026 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("Wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, WESCO Distribution, Inc. ("Wesco Distribution"), intends to offer (the "Offering") to eligible purchasers, subject to market and other conditions, $650 million aggregate principal amount of senior notes due 2031 (the "5-Year Notes") and $650 million aggregate principal amount of senior notes due 2034 (together with the 5-Year Notes, the "Notes").

Wesco Distribution intends to use the net proceeds from this Offering, together with borrowings under its asset-based revolving credit facility (the "ABL Facility"), to redeem all of its outstanding 7.250% senior notes due 2028 (the "Wesco 2028 Notes") on or after June 15, 2026. Prior to redeeming the Wesco 2028 Notes, Wesco Distribution intends to (i) use the net proceeds from this Offering to temporarily repay a portion of the outstanding borrowings under its accounts receivable securitization facility (the "Receivables Facility") and the ABL Facility and (ii) subsequently redraw under the Receivables Facility and the ABL Facility in an aggregate amount sufficient to redeem the Wesco 2028 Notes.

The Notes will be unsecured, unsubordinated debt obligations of Wesco Distribution, and will rank equally with Wesco Distribution's other existing and future unsecured, unsubordinated obligations. The Notes will be guaranteed on an unsecured, unsubordinated basis by Wesco and its wholly owned subsidiary, Anixter Inc. (the "Guarantees").

The Notes and related Guarantees will be offered and sold only to persons reasonably believed to be "qualified institutional buyers" under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons outside the United States under Regulation S of the Securities Act. The Notes have not been, and will not be, registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

This press release does not and will not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any other securities, nor will there be any sale of the Notes or other securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer will be made only by means of a private offering memorandum. This press release does not constitute a notice of redemption with respect to the Wesco 2028 Notes.

About Wesco

Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $24 billion in annual sales in 2025 and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 21,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and significant digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, technology companies, telecommunications providers, and utilities. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Forward-Looking Statements

All statements made herein that are not historical facts should be considered as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. These forward-looking statements include, but are not limited to, statements regarding the proposed terms of the Offering, the timing of the Offering and the anticipated use of proceeds therefrom, including the redemption of the Wesco 2028 Notes. Such statements can generally be identified by the use of words such as "anticipate," "plan," "believe," "estimate," "intend," "expect," "project" and similar words, phrases or expressions or future or conditional verbs such as "could," "may," "should," "will" and "would," although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations and beliefs of Wesco's management, as well as assumptions made by, and information currently available to, Wesco's management, current market trends and market conditions and involve various risks and uncertainties, some of which are beyond Wesco's and Wesco's management's control, and which may cause actual results to differ materially from those contained in forward-looking statements. Wesco's actual results could differ materially from those expressed in any forward-looking statement made by Wesco or on Wesco's behalf. In light of these risks and uncertainties, there can be no assurance that the forward-looking information will in fact prove to be accurate. Accordingly, you should not place undue reliance on such statements. Wesco has undertaken no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Those risks, uncertainties and assumptions include whether Wesco will be able to consummate the Offering, including the satisfaction of customary closing conditions with respect to the Offering of the Notes. Additional factors that could cause results to differ materially from those described above can be found in Wesco's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and Wesco's other reports filed with the U.S. Securities and Exchange Commission.

Contact Information:
Investor Relations
Scott Gaffner
Senior Vice President, Investor Relations
investorrelations@wescodist.com

Corporate Communications
Jennifer Sniderman
Vice President, Corporate Communications
jennifer.sniderman@wescodist.com

 

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SOURCE Wesco International

FAQ

What did Wesco (WCC) announce on February 24, 2026 about new senior notes?

Wesco intends to offer $650M of 2031 notes and $650M of 2034 notes, totaling $1.3B. According to the company, proceeds plus ABL borrowings will be used to redeem its 7.250% senior notes due 2028 on or after June 15, 2026.

How will the Wesco (WCC) offering affect the 2028 7.250% senior notes?

Wesco Distribution intends to redeem all outstanding 7.250% senior notes due 2028 on or after June 15, 2026. According to the company, proceeds and facility borrowings will fund the redemption following temporary repayments and redraws.

Are the new Wesco (WCC) notes secured or guaranteed and by whom?

The Notes will be unsecured, unsubordinated obligations of WESCO Distribution and guaranteed on an unsecured, unsubordinated basis by Wesco and Anixter. According to the company, guarantees preserve senior creditor support without pledged collateral.

Who can buy Wesco (WCC) senior notes in this offering?

The Notes are offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S. According to the company, the notes will not be registered under the Securities Act.

What temporary financing actions will Wesco (WCC) take before redeeming the 2028 notes?

Wesco Distribution intends to use Offering proceeds to temporarily repay borrowings under its Receivables Facility and ABL Facility, then redraw those facilities to an aggregate amount sufficient to fund the 2028 note redemption. According to the company, this is part of its cash flow plan.

When will Wesco (WCC) complete the 2028 note redemption and are there any conditions?

Redemption of the 7.250% senior notes due 2028 is planned on or after June 15, 2026, subject to market and customary closing conditions for the Offering. According to the company, consummation depends on satisfying those conditions.