CDW Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CDW Corporation on March 5, 2012, covering events occurring on March 2, 2012. The filing addresses the conclusion of a previously announced cash tender offer and consent solicitation.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or liquidity figures. The report focuses exclusively on the status of specific debt instruments: the 11.00% Senior Exchange Notes due 2015 and the 11.50%/12.25% Senior PIK Election Exchange Notes due 2015, held by wholly-owned subsidiaries CDW LLC and CDW Finance Corporation.
Material Changes
The primary material event reported is the expiration of the cash tender offer and consent solicitation for the aforementioned Senior Exchange Notes. The offer expired at 5:00 p.m. New York City time on March 2, 2012.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of new risks. It serves as a procedural notification regarding the expiration of the debt tender offer. A press release dated March 5, 2012, detailing the results is attached as Exhibit 99.1.
Investor Verification Checklist
- Review the attached press release (Exhibit 99.1) for the specific number of notes tendered and accepted.
- Verify the final terms of the consent solicitation and any resulting changes to the indenture.
- Confirm the remaining outstanding balance of the 11.00% and 11.50%/12.25% Senior Exchange Notes due 2015.
- Check subsequent filings for any impact on the company's debt covenants or liquidity position resulting from the tender offer results.