CDW Corp Announces Underwriting Agreement for $1.5B Senior Notes

What Happened CDW Corp (through co‑issuers CDW LLC and CDW Finance Corporation) announced on Sept. 14, 2026 that it entered an underwriting agreement to sell $1.5 billion of registered senior notes in a public offering. The offering consists of $600 million of 5.700% Senior Notes due 2029, $500 million of 6.100% Senior Notes due 2032, and $400 million of 6.350% Senior Notes due 2033. CDW Corporation will act as guarantor; the offering is expected to close on Sept. 21, 2026, subject to customary conditions.

Key Details

• Underwriting Agreement dated Sept. 14, 2026 among CDW LLC, CDW Finance Corporation, CDW Corporation (guarantor) and the underwriters.
• Underwriters’ representatives: BofA Securities, J.P. Morgan Securities, Mizuho Securities USA, and Wells Fargo Securities.
• Notes: $600M @ 5.700% due 2029; $500M @ 6.100% due 2032; $400M @ 6.350% due 2033 — total $1.5B.
• Offering made under an effective Form S-3ASR registration statement (filed Feb. 23, 2026, File No. 333-293652) with a preliminary prospectus supplement and free writing prospectus dated Sept. 14, 2026.
• Agreement includes customary representations, warranties and mutual indemnification provisions; the underwriting agreement is filed as Exhibit 1.1 (certain information redacted).

Why It Matters This filing signals CDW is raising $1.5 billion of long‑term debt, which will increase its outstanding debt and future interest expense at the stated coupon rates. The maturities (2029–2033) and coupon levels give investors a clearer view of the company’s near‑term financing commitments and cost of borrowing. The expected close date (Sept. 21, 2026) and use of a registered public offering mean these notes will be broadly marketed to investors under the listed registration documents.