WESCO lifts ABL to $1.85B through 2031 and receivables facility to $1.75B

WESCO International, Inc. said that on September 17, 2026 its distribution subsidiary amended its asset-based revolving credit facility to raise aggregate revolving commitments from $1.73 billion to $1.85 billion and extend maturity to September 17, 2031, and separately amended its receivables securitization facility to raise the purchase limit from $1.55 billion to $1.75 billion and extend scheduled termination to September 17, 2029.

WESCO International raised capacity and pushed out maturities on both its asset-based revolver and its receivables securitization facility, pairing a $125 million ABL upsizing with lower ABL spreads.

ABL commitments to $1.85 billion; maturity 2031

On September 17, 2026, WESCO Distribution, Inc. ("Wesco Distribution"), a wholly owned subsidiary of WESCO International, Inc. (the "Company"), amended its revolving credit facility (the "ABL Facility") under a Ninth Amendment to Fourth Amended and Restated Credit Agreement dated as of September 17, 2026 (the "Credit Agreement Amendment"). The amendment is among Wesco Distribution, the other U.S. borrowers party thereto, WESCO Distribution Canada LP, the other Canadian borrowers party thereto, the Company, the lenders party thereto, and Barclays Bank PLC as administrative agent, and amends the Fourth Amended and Restated Credit Agreement dated as of June 22, 2020 (as amended, the "Credit Agreement").

Per Form 8-K Item 1.01, the Credit Agreement Amendment, among other things, (i) extends the maturity date of the ABL Facility to September 17, 2031, (ii) increases revolving commitments under the ABL Facility from $1.73 billion to $1.85 billion, (iii) decreases the interest rate spreads applicable to borrowings under the ABL Facility, (iv) increases certain negative covenant baskets, and (v) makes certain other amendments to the Credit Agreement. Exhibit 10.1 shows $125 million of 2026 Incremental Revolving Commitments supporting that upsizing and restates Aggregate Revolving Commitments at $1,850,000,000.

Exhibit 10.1's post-amendment Applicable Rate grid (with prior rates shown for comparison in the exhibit markup) sets Term SOFR/CORRA spreads at 1.00% when Average Quarterly Availability is at least 40% of Aggregate Revolving Commitments (Category 1; prior 1.25%) and 1.25% when Availability is below that threshold (Category 2; prior 1.50%). Corresponding ABR/Canadian Prime Rate spreads move to 0.00% (Category 1; prior 0.25%) and 0.25% (Category 2; prior 0.50%). The Commitment Fee Rate remains 0.20% per annum when Average Utilization is greater than 50% and 0.25% otherwise. The Item 1.01 description is qualified in its entirety by Exhibit 10.1.

Receivables purchase limit to $1.75 billion; termination 2029

Also on September 17, 2026, Wesco Distribution amended its receivables securitization facility (the "Receivables Facility") under a Tenth Amendment to Fifth Amended and Restated Receivables Purchase Agreement dated as of September 17, 2026 (the "Receivables Amendment"), among WESCO Receivables Corp., Wesco Distribution, the various purchasers and purchaser agents party thereto, and PNC Bank, National Association as administrator, amending the Fifth Amended and Restated Receivables Purchase Agreement dated as of June 22, 2020.

Per Item 1.01, the Receivables Amendment, among other things, (i) extends the scheduled termination date of the Receivables Facility to September 17, 2029, (ii) increases the purchase limit from $1.55 billion to $1.75 billion, (iii) decreases the drawn spread applicable to investments funded under the Receivables Facility, and (iv) makes certain other amendments. Exhibit 10.2 states that on the Tenth Amendment Date the Purchase Limit shall be $1,750,000,000, and purchaser schedules list a Scheduled Commitment Termination Date of September 17, 2029. The Form 8-K narrative does not state the post-amendment drawn-spread percentage. The Item 1.01 description is qualified in its entirety by Exhibit 10.2.

Direct financial obligation

Item 2.03 incorporates the Item 1.01 disclosure by reference as the creation of a direct financial obligation. The report was signed for the Company by Indraneel Dev, Executive Vice President and Chief Financial Officer, dated September 21, 2026.