Wesco International extends and upsizes $1.85B ABL facility
Wesco International extended and upsized its asset-based revolving credit facility to $1.85 billion through Sep 17 2031, lowering interest spreads and expanding certain covenant capacity. It also extended and upsized its ABS to $1.75 billion through 2029.
Wesco International strengthened its financing platform with two amendments. 85 billion through Sep 17 2031, while reducing interest spreads and increasing certain covenant capacity. In a separate move, the company extended its receivables securitization facility to 2031.