GE Corporate Lending Provides $365 M. Credit Facility to WESCO

The transaction, arranged by GE Capital Markets, refinances a previous facility and includes a significant line increase. WESCO will use the facility for ongoing working capital needs.

WESCO International, Inc. (NYSE: WCC) is a publicly traded Fortune 500 holding company whose primary operating entity is WESCO Distribution, Inc. Founded in 1922 in Pittsburgh, Pennsylvania, WESCO Distribution is a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating supplies. Its annual sales in 2006 were approximately $5.3 billion. WESCO operates seven fully automated distribution centers and approximately 400 full-service branches in North America and selected international markets.

"By extending our relationship with GE, we have a lender who knows our business and works closely with our organization to understand our evolving financing needs," said Stephen A. Van Oss, CFO for WESCO. "The new facility GE has structured provides us with increased flexibility and liquidity to help foster our growth strategy."

"Understanding the business lifecycles of our clients allows us to continuously deliver financing to help support their business plans," said Tom Quindlen, President and CEO of GE Corporate Lending. "Whether asset-based, cash flow or structured finance, we're dedicated to finding the right solution to meet their needs" - General Electric.