NYSE:WCCTrade Distributors
Assessing Wesco International’s Valuation After US$1.5b Senior Notes Offering And Refinancing Steps
WESCO International (WCC) has drawn fresh attention after completing a US$1.5b private offering of unsecured senior notes, using the proceeds to redeem 7.250% notes due 2028 and repay portions of existing credit facilities.
See our latest analysis for WESCO International.
Despite the fresh financing news and a higher quarterly dividend, the 1-day share price return of 2.14% and 7-day share price return of 2.52% show near term pressure. In contrast, a 90-day share price return of 8.26% and...