Westcon Group Refinances Its North American Credit Facility

TARRYTOWN, N.Y., Dec. 21, 2011 /PRNewswire via COMTEX/ -- Westcon Group, a value-added distributor of category-leading unified communications, network infrastructure, data center, and security solutions with a global network of specialty resellers, today announced the company has completed the refinancing of its North American Credit Facility in the amount of $250 million.


As part of the refinancing, Westcon will improve its liquidity throughout North America and will have the flexibility to support other Westcon strategic growth initiatives, particularly those in the Latin American region. The $250 million facility also provides Westcon with the right to increase the size of the facility by up to $50 million.


"Today's announcement is a significant milestone, as it provides us with the financial strength necessary to capitalize on our already successful growth strategies," said Chuck Thropp, Chief Financial Officer, Westcon Group, North America. "As lenders continue to recognize our financial strength, we were able to complete this refinancing on favorable financial terms."

 

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