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- The Notes Are Structurally Subordinated to All Indebtedness and Other Liabilities of Our Subsidiaries. (new) — Noteholders rank behind subsidiary creditors in bankruptcy, a structural risk for holding company debt.
- The Acquisition May Not Be Completed, and We May Not Realize the Anticipated Benefits of the Acquisition. (new) — The offering is tied to a pending acquisition; failure or integration issues could harm CDW.
CDW Corp to raise $1B net via senior notes offering to redeem 2026 notes and fund acquisition
Filed September 14, 2026 · ~1 min read
Key Changes
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high
CDW LLC and CDW Finance Corporation are offering senior notes; net proceeds to the company are $1B.
The Offering verify on EDGAR → -
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Proceeds will first redeem $1.0B of 2.670% senior notes due December 2026, with remainder for general corporate purposes including a substantial portion of an acquisition.
Use of Proceeds verify on EDGAR → -
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Notes are unsecured senior obligations, effectively subordinated to secured debt and inventory financing; guaranteed only by parent CDW Corporation, not subsidiaries.
The Offering verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 15, 2026 · How we verify