Skip to main content
Wesco Dnc
• Jul 22, 2020

WESCO International, Inc. receives financing totaling $5 billion for acquisition of Anixter International

TD Bank, America’s Most Convenient Bank®, and TD Securities, announced that WESCO International, Inc. has secured approximately $5 billion in financing to complete their acquisition of Anixter International.

WESCO International is a leading supply chain solutions company that provides electrical supplies, logistics expertise and systems capabilities globally. Their acquisition of Anixter, a global distributor of communication, security and electrical products, will expand WESCO's already impressive electrical offerings and position the company for further growth.

TD Bank's Asset Based Lending (ABL) served as Joint Bookrunner, in charge of underwriting and structuring the financing, and Joint Lead Arranger, in charge of structuring the transaction, on the $1.1 billion ABL Revolver, otherwise known as a revolving line of credit. TD Securities also served as Joint Bookrunner and Joint Lead Arranger on the $3.2 billion Bridge Facility which included a $2.8 billion High Yield Bond Offering take-out. TD Securities also played a leadership role in the $1.0 billion Accounts Receivable Securitization.

"We value our long and growing relationship with WESCO and appreciate WESCO selecting TD to play an important role in this financing," said Joseph Nemia, Head of ABL, TD Bank.

"Partnering across the TD family allowed TD ABL and TD Securities to team up and meet WESCO's financing needs for their largest acquisition to date," added Jeffery Wacker, Head of US ABL Originations for TD Bank.

“We have enjoyed a longstanding relationship with TD Bank and were pleased to partner with them in financing this acquisition,” said Brian M. Begg, Vice President, Investor Relations and Treasurer of WESCO. “Their team understands the unique dynamics of our business which is critical when accessing capital markets. We look forward to building upon this relationship as we grow the business in the years ahead.”

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9 million customers with a full range of retail, small business and commercial banking products and services at more than 1,200 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit Find TD Bank on Facebook at and on Twitter at

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit

About WESCO International, Inc

WESCO International, Inc. (NYSE: WCC), a publicly traded FORTUNE 500® holding company headquartered in Pittsburgh, Pennsylvania, is a leading provider of electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturer (OEM) products, construction materials, and advanced supply chain management and logistic services. Pro forma 2019 annual sales were approximately $17.2 billion, including Anixter International which it acquired in June 2020. The company employs approximately 18,900 people, maintains relationships with more than 30,000 suppliers, and serves more than 150,000 active customers worldwide. Customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. WESCO operates 11 fully automated distribution centers and approximately 800 warehouse/branch locations in North America and more than 50 countries around the world, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations.

Media Contact

Lisa Carlson
TD Bank
Corporate Communications Manager

Want to learn more about Lending?
TD Bank Supports Businesses Through SBA Paycheck Protection Program
Registered Investment Advisors Dramatically Underutilize Collateral Loans, TD Bank Survey Reveals
TD Bank Provides $4 Million Small Business Administration Loan for New Culver's Franchise Location in Plant City, Florida

Join our newsletter

Sign up for the latest updates from TD Stories delivered to your inbox twice a week.

See you in a bit

You are now leaving our website and entering a third-party website over which we have no control.

Continue to site Return to TD Stories

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.