CDW amended, extended and increased the size of its senior secured asset-based revolving credit facility with JPMorgan Chase Bank as administrative agent.
The second A&R revolving loan agreement increased the overall revolving credit facility from $1.25 billion to $1.45 billion, extended the maturity date from June 6, 2019 to March 31, 2022 and eliminated the ratings-based adjustment to the pricing grid, providing for interest rate margins at the reduced interest rate margins previously applicable only if CDW satisfied the ratings-based requirement.
Wells Fargo Commercial Distribution Finance served as floorplan funding agent. JPMorgan Chase Bank, Wells Fargo Capital Finance, Bank of America and Barclays Bank served as joint lead arrangers and bookrunners. Bank of America and Wells Fargo Capital Finance served as co-collateral agents. Wells Fargo, Bank of America, Royal Bank of Canada and Barclays Bank served as co-syndication agents. NYCB Specialty Finance, US Bank, MUFG Union Bank, Capital One, PNC Bank, Morgan Stanley Senior Funding and Goldman Sachs Bank served as co-documentation agents.