November 8, 2012 / 6:30 PM / in 5 years

TEXT-S&P rates WESCO Distribution's loan 'B+'

Nov 8 - Standard & Poor's Ratings Services today assigned its 'B+'
issue-level rating and '5' recovery rating to WESCO Distribution Inc.'s proposed
$605 million senior secured term loan and WDCC Enterprises Inc.'s proposed
CAD$150 million senior secured term loan. The recovery rating of '5' reflects
our expectation for modest recovery prospects (10%-30%) in the event of a
payment default. WESCO Distribution and WDCC are wholly owned subsidiaries of
WESCO International Inc. (WESCO, BB-/Positive/--). The companies will use the
proceeds to fund WESCO's CAD$1.14 billion acquisition of EECOL Electric (not

The facilities are guaranteed by WESCO and, respectively for the U.S. dollar 
and Canadian dollar loans, by WESCO Distribution's U.S. subsidiaries and 
WDCC's and WESCO's existing Canadian subsidiaries, excluding certain 
unrestricted subsidiaries. The facilities are secured on a second-lien basis 
by the current assets of the companies and on a first-lien basis by other 
fixed assets. 

     -- Research Update: WESCO International Inc. 'BB-' Rating Affirmed On 
Acquisition Announcement; Outlook Remains Positive, Oct. 18, 2012
     -- Criteria Guidelines For Recovery Ratings On Global Industrials 
Issuers' Speculative-Grade Debt, Aug. 10 2009


WESCO International Inc.
 Corporate Credit Rating                  BB-/Positive/--

New Ratings

WESCO Distribution Inc.
 $605 mil sr secd term loan due 2019      B+
  Recovery Rating                         5

WDCC Enterprises Inc.
 CAD$150 mil sr secd term loan due 2019   B+
  Recovery Rating                         5

Complete ratings information is available to subscribers of RatingsDirect on 
the Global Credit Portal at All ratings affected 
by this rating action can be found on Standard & Poor's public Web site at Use the Ratings search box located in the left 

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