WESCO International Announces Redemption of 7.50% Senior Subordinated Notes due 2017
WESCO International, Inc. (NYSE: WCC) today announced that its subsidiary WESCO Distribution, Inc. will redeem all of its outstanding 7.50% Senior Subordinated Notes due 2017 (CUSIP No. 95081QAH7) (the "Notes") on January 9, 2013 (the "Redemption Date"). Upon redemption, WESCO Distribution will pay to the registered holders of the Notes a redemption price of 101.250% of the principal amount outstanding, plus accrued and unpaid interest to, but excluding, the Redemption Date, for a total of $1,030 per $1,000 principal amount of Notes. The aggregate principal amount of Notes currently outstanding is $150,000,000. Payment of the redemption price and accrued interest shall be made through normal DTC procedures. WESCO Distribution intends to use available funds to redeem the Notes.
This press release does not constitute a notice of redemption of the Notes. The redemption of the Notes is made solely pursuant to WESCO Distribution's notice of redemption dated December 10, 2012 and delivered to the registered holders of the Notes by the trustee with respect to the Notes.
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