Cdw Corporation Commences Offers To Purchase Certain Outstanding Senior Debt Securities

CDW Corporation Commences Offers to Purchase Outstanding Senior Debt Securities

Leading Fortune 500 IT Provider Announces Strategic Move

Key Takeaways:

• CDW Corporation initiates cash tender offers for outstanding senior debt securities.
• The move aligns with CDW's long-term financial strategy and capital structure optimization goals.
• The offers provide an attractive opportunity for investors to realize immediate liquidity and value.

Lincolnshire, Ill. – January 17, 2023 – CDW Corporation (NASDAQ: CDW), a Fortune 500 company and leading multi-brand IT provider, today announced that it has commenced cash tender offers to purchase any and all of the outstanding 2.600% Senior Notes due 2024 (CUSIP No. 122004BD4) (the "2024 Notes") and 3.000% Senior Notes due 2026 (CUSIP No. 122004BE1) (the "2026 Notes") (collectively, the "Notes").

This strategic move is part of CDW's ongoing efforts to enhance its capital structure and financial flexibility. By retiring a portion of its outstanding debt, CDW aims to reduce interest expenses, optimize its cost of capital, and strengthen its balance sheet for future growth opportunities.

The cash tender offers provide investors with an attractive opportunity to realize immediate liquidity and value for their Notes. The offers are subject to customary terms and conditions, including the satisfaction of certain conditions precedent. CDW expects the offers to close on or around February 15, 2023.

J.P. Morgan Securities LLC is acting as the dealer manager for the offers. Investors who wish to participate in the offers are encouraged to contact J.P. Morgan Securities LLC or their preferred broker-dealer for more information.