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AI brief of an SEC Form 8-K · CDW (CDW)

CDW signs $2,884.5 million five-year credit facility replacing 2021 loan agreements

Neutral Impact 3 of 5 financing Written later

CDW LLC entered a new five-year senior unsecured credit facility totaling $2,884.5 million, dated December 17, 2025, which consolidates, refinances and replaces its prior term and revolving loan agreements from December 1, 2021. The filing says loan proceeds will be used for working capital, general corporate purposes and refinancing the prior loans, and it does not report any financial results. Separately, four named executives' compensation protection agreements were extended three years to January 1, 2029.

Key points

  • Term loan of $634.5 million, fully funded on December 17, 2025, plus a revolving loan facility of $2,250.0 million
  • Replaces the prior term and revolving loan agreements dated December 1, 2021, with JPMorgan Chase Bank, N.A. as administrative agent
  • Maximum leverage ratio covenant of 4.00:1.00; revolver can be extended by up to two 1-year periods
  • Christine A. Leahy, Albert J. Miralles, Frederick J. Kulevich and Katherine E. Sanderson had agreements extended from January 1, 2026 to January 1, 2029

The filing

CompanyCDW (CDW)
Form8-K, current report
Filed with the SECDec 23, 2025, 8:30 AM ET
Accession number0001193125-25-329779

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.