WESCO International, Inc. -- Moody's: WESCO's upsizing of term loan facility credit positive; ratings unaffected

New York, December 13, 2012 -- Moody's Investors Service said today that WESCO International, Inc.'s ("WESCO") recent announcement that it upsized the US Dollar denominated tranche of the term loan facility to $700 million from $605 million with proceeds used to partially fund the redemption of its $150 million of 7.5% senior subordinated notes due 2017, is credit positive but does not impact the company's ratings (including the Ba3 corporate family rating) or stable outlook. Holders of the notes will be paid in full on January 9, 2013. WESCO Distribution, Inc. (a wholly-owned subsidiary of WESCO) deposited funds with a trustee sufficient to pay principal and interest on all outstanding notes.

Vollständigen Artikel bei Moodys lesen