Westcon Group Refinances Its North American Credit Facility

TARRYTOWN, N.Y., Dec. 21, 2011 /PRNewswire/ -- 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."

HSBC Bank USA, N.A. acted as Administrative Agent and Joint Lead Arranger for the new facility.  Wells Fargo Capital Finance, LLC served as Joint Lead Arranger and Syndication Agent, while TD Bank, N.A. and PNC Bank, N.A. served as Co-Documentation Agents.

About Westcon Group
Westcon Group, Inc. is a value added distributor of category-leading unified communications, network infrastructure, data center and security solutions with a global network of specialty resellers.  Westcon's teams create unique programs and provide exceptional support to accelerate the business of its global partners.  Strong relationships at every level of the Westcon Group organization enable partners to receive support tailored to their needs.  From global logistics and flexible customized financing solutions to pre-sales, technical and engineering assistance, the company works with partners to respond with agility and speed to changing market conditions so they can achieve the fastest time to revenue.  Westcon Group's portfolio of market-leading vendors includes:  Brocade, Cisco, Juniper Networks, F5, Avaya, Polycom, Check Point, and Blue Coat.  For more information, please visit www.westcongroup.com.

Media Contact:
Craig Librett
Westcon Group
(914) 357-1747
[email protected]

SOURCE Westcon Group

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