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CDW 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-389920

CDW filed a 424B5 (prospectus (offering)) with the SEC on Sep 14, 2026. The final terms of an offering of shares or bonds. The stock moved -1.4% by the first close after the filing.

Summary of the filing

CDW LLC and CDW Finance Corporation are offering three series of senior notes to raise proceeds for redeeming $1.0 billion of existing 2.670% senior notes due 2026 and for general corporate purposes, including funding a substantial portion of an acquisition.

For details, click here →How to read a 424B5 →

Key details

aggregate principal amount of notes offered$0
net proceeds to redeem 2026 senior notes$1.0B
IssuerCDW LLC
Co-issuerCDW Finance Corporation
GuarantorCDW Corporation
UnderwriterBofA Securities
UnderwriterJ.P. Morgan
UnderwriterMizuho
UnderwriterWells Fargo Securities

How CDW stock reacted

Close before

$153.79

Sep 11, 2026

First close after

-1.36%

$151.70

5 trading days

-4.94%

$146.19

Since filing

+2.09%

$157.00

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Frequently asked questions

What did CDW file with the SEC on Sep 14, 2026?

CDW filed a 424B5 (Secondary offering). CDW LLC and CDW Finance Corporation are offering three series of senior notes to raise proceeds for redeeming $1.0 billion of existing 2.670% senior notes due 2026 and for general corporate purposes, including funding a substantial portion of an acquisition.

What does a secondary offering mean for CDW stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did CDW stock react to this filing?

CDW closed at $153.79 before the filing and $151.70 on Sep 14, 2026 (-1.36%). Five trading days later: $146.19 (-4.94%).

Other CDW SEC filings

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