WESCO International Extends Credit & Receivables Facilities, Expands Commitments by $325M

Summary of Material Definitive Agreements

On September 17, 2026, WESCO International, Inc. (NYSE: WCC) executed significant amendments across both its primary revolving credit facility and its accounts receivable securitization facility, enhancing liquidity and extending debt maturities on more favorable terms.

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1. Credit Agreement Amendment (ABL Facility)

• Agreement: Ninth Amendment to the Fourth Amended and Restated Credit Agreement, dated September 17, 2026.
• Agent: Barclays Bank PLC, as administrative agent.
• Key Terms:
  • Maturity Extension: Extended to September 17, 2031.
  • Commitment Increase: Total revolving commitments increased by $125 million, from $1,725 million to $1,850 million (with the incremental amount provided as U.S. commitments).
  • Pricing & Flexibility: Decreased interest rate spreads on borrowings and increased certain negative covenant baskets.

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2. Receivables Purchase Agreement Amendment (Receivables Facility)

• Agreement: Tenth Amendment to the Fifth Amended and Restated Receivables Purchase Agreement, dated September 17, 2026.
• Administrator: PNC Bank, National Association.
• Key Terms:
  • Termination Extension: Scheduled termination date extended to September 17, 2029.
  • Purchase Limit Increase: Increased by $200 million, from $1,550 million to $1,750 million.
  • Pricing: Decreased drawn spreads on investments funded under the securitization facility.

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Financial & Strategic Impact

• Expanded Borrowing Capacity: Combined, the amendments provide an incremental $325 million in borrowing capacity across the two facilities ($3.60 billion total aggregate capacity vs. $3.275 billion previously).
• Extended Maturity Runway: Pushes the core revolving facility maturity out 5 years to 2031 and the receivables facility to 2029.
• Lower Cost of Capital: Lower interest rate spreads across both facilities will decrease debt service costs on floating-rate borrowings.