CDW Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CDW Corporation on May 10, 2012. The report details the entry into material definitive agreements regarding the company's existing debt indentures.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, or liquidity ratios. The document focuses exclusively on legal amendments to debt instruments.
Material Changes
On May 10, 2012, CDW LLC, CDW Finance Corporation, CDW Corporation, and certain subsidiary guarantors entered into three Supplemental Indentures with U.S. Bank National Association as trustee. These amendments affect the Second Senior Secured Notes, Third Senior Subordinated Notes, and Fourth Senior Notes. The primary change eliminates the ability to release the Parent company's guarantee, ensuring that the Parent's guarantees are "full and unconditional" in accordance with SEC staff guidance.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. The amendments were executed under provisions allowing changes without noteholder consent, provided the changes do not adversely affect noteholders' legal rights or interests in any material respect, as determined by the Board of Directors.
Investor Verification Checklist
- Verify the specific terms of the "full and unconditional" guarantee language in the attached Supplemental Indentures (Exhibits 4.1, 4.2, and 4.3).
- Confirm that the amendments do not alter interest rates, maturity dates, or other material economic terms of the notes.
- Review the Board of Directors' determination that the changes do not adversely affect noteholder interests.