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CDW Reports Second Quarter 2013 Results

Stock quotes in this article: CDW

On July 2, 2013, CDW completed a partial redemption of $175.0 million aggregate principal amount of 8.0% Senior Secured Notes due 2018. After this redemption, the principal amount outstanding for these notes is $325.0 million. On August 1, 2013, CDW completed a partial redemption of $324.0 million aggregate principal amount of 12.535% Senior Subordinated Exchange Notes due 2017 (the "Senior Subordinated Notes"). After this redemption, the principal amount outstanding for these notes is $247.5 million. More information about these transactions can be found in the Current Reports on Form 8-K filed by CDW with the Securities and Exchange Commission (“SEC”).

Forward Looking Statements

Statements in this release that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the future financial performance of CDW. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. These risks and uncertainties include, among others, CDW’s substantial indebtedness; restrictions imposed by agreements relating to CDW’s indebtedness on its operations and liquidity; changes in economic conditions; decreases in spending on technology products by CDW’s customers; CDW’s relationships with vendor partners and availability of their products; continued innovations in hardware, software and services by CDW’s vendor partners; substantial competition that could reduce CDW’s market share; the continuing development, maintenance and operation of CDW’s information technology systems; potential breaches of data security; potential failures to comply with public segment contracts or applicable laws and regulations; potential failures to provide high-quality services to CDW’s customers; potential losses of any key personnel; potential interruptions of the flow of products from suppliers; potential adverse occurrences at one of CDW’s primary facilities or customer data centers; CDW’s dependence on commercial delivery services; CDW’s exposure to accounts receivable and inventory risks; future acquisitions or alliances; fluctuations in CDW’s operating results; current and future legal proceedings and audits; and other risk factors or uncertainties identified from time to time in CDW Corporation’s filings with the SEC. Although CDW believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions “Forward-Looking Statements” and “Risk Factors” in CDW Corporation’s Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC and other subsequent filings with the SEC, including but not limited to CDW Corporation’s Registration Statement on Form S-1 initially filed on March 22, 2013 and subsequently amended. CDW undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise.

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