Our Toronto office advised JPMorgan Chase and other lenders under and in connection with a third amended and restated credit agreement regarding US$600m in Canadian and US asset-based revolving credit facilities. These facilities include an accordion feature allowing the Canadian and US borrowers to additionally borrow up to US$200m in the aggregate.
The transaction was entered into amongst WESCO Distribution Canada LP, Hazmasters Inc. and EECOL Electric Corp., as the Canadian Borrowers, WESCO Distribution, Inc., Atlanta Electrical Distributors, LLC, Carlton-Bates Company, Conney Safety Products, LLC, Hill Country Electric Supply, L.P., Needham Electric Supply, LLC, WESCO Equity Corporation, Wesco Integrated Supply Inc., WESCO Nevada, Ltd., Communications Supply Corporation, Calvert Wire & Cable Corporation, Liberty Wire & Cable, Inc., TVC Communications, L.L.C. and Hi-Line Utility Supply Company, LLC, as U.S. borrowers, JPMorgan Chase Bank, N.A. as the U.S. administrative agent, JPMorgan Chase Bank, N.A., Toronto branch, as the Canadian administrative agent and a syndicate of lenders party thereto.
WESCO International, Inc. is a provider of electrical, industrial, and communications maintenance, repair and operating systems and products and is a provider of original equipment manufacturers’ products, construction materials, and advanced supply chain management and logistics services.
The team included David Amato and Russell Dufault.