CDW Corporation has entered into a new Senior Credit Facility, consolidating, refinancing, and replacing its prior term loan and revolving credit agreements. The new credit agreement, dated December 17, 2025, is among CDW, CDW Finance Holdings Limited (the UK Borrower), various guarantors and lenders, JPMorgan Chase Bank, N.A. as administrative agent, and Wells Fargo Commercial Distribution Finance, LLC as floorplan funding agent. The facility will be used for working capital and other general corporate purposes, including refinancing existing debt. The agreement includes customary covenants and events of default, and allows CDW to request increases in the facility up to $1.0 billion. The terms also set a maximum leverage ratio covenant of 4.00:1.00, with flexibility to increase to 4.50:1.00 following a qualified acquisition under certain conditions. Borrowings under the facility bear interest at rates based on either an alternate base rate or SOFR, plus an applicable margin.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDW Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-329779), on December 23, 2025, and is solely responsible for the information contained therein.
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