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Table of Contents CDW CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The 2019 Senior Notes, the 2022 Senior Notes, and the 2024 Senior Notes are, and, prior to being redeemed in full, the Senior
Subordinated Notes and the Senior Secured Notes, were guaranteed by Parent and each of CDW LLC’s direct and indirect, 100%
owned, domestic subsidiaries (the “Guarantor Subsidiaries”). All guarantees by Parent and Guarantor Subsidiaries are and were joint
and several, and full and unconditional; provided that guarantees by the Guarantor Subsidiaries (i) are subject to certain customary
release provisions contained in the indentures governing the 2019 Senior Notes, the 2022 Senior Notes, and the 2024 Senior Notes, and
(ii) were subject to certain customary release provisions contained in the indentures governing the Senior Subordinated Notes and the
Senior Secured Notes until such indentures were satisfied and discharged in 2014. CDW LLC's Canada subsidiary (the “Non-
Guarantor
Subsidiary”) does not guarantee the debt obligations. CDW LLC and CDW Finance Corporation, as co-issuers, are 100% owned by
Parent, and each of the Guarantor Subsidiaries and the Non-Guarantor Subsidiary is 100% owned by CDW LLC.
On May 9, 2014, all of the remaining $42.5 million aggregate principal amount of Senior Subordinated Notes was redeemed in full and
the indenture governing the Senior Subordinated Notes was satisfied and discharged. See Note 7 for more information.
On August 5, 2014, CDW LLC and CDW Finance Corporation, as co-issuers, completed the issuance of $600.0 million aggregate
principal amount of 2022 Senior Notes, which is guaranteed by Parent and the Guarantor Subsidiaries. The proceeds from this issuance,
along with cash on hand, were used to redeem all of the remaining $325.0 million aggregate principal amount of the Senior Secured
Notes and to redeem $234.7 million aggregate principal amount of the 2019 Senior Notes. The indenture governing the Senior Secured
Notes was concurrently satisfied and discharged. See Note 7 for more information.
On December 1, 2014, CDW LLC and CDW Finance Corporation, as co-issuers, completed the issuance of $575.0 million aggregate
principal amount of 2024 Senior Notes, which is guaranteed by Parent and the Guarantor Subsidiaries. The proceeds from this issuance,
along with cash on hand, were used to redeem $541.4 million aggregate principal amount of the 8.5% Senior Notes. See Note 7 for
more information.
The following tables set forth condensed consolidating balance sheets as of December 31, 2014 and 2013 , consolidating statements of
operations for the years ended December 31, 2014, 2013 and 2012 , condensed consolidating statements of comprehensive income for
the years ended December 31, 2014, 2013 and 2012 , and condensed consolidating statements of cash flows for the years ended
December 31, 2014, 2013 and 2012 , in accordance with Rule 3-10 of Regulation S-
X. The consolidating financial information includes
the accounts of CDW Corporation (the “Parent Guarantor”), which has no independent assets or operations, the accounts of CDW LLC
(the “Subsidiary Issuer”), the combined accounts of the Guarantor Subsidiaries, the accounts of the Non-Guarantor Subsidiary, and the
accounts of CDW Finance Corporation (the “Co-Issuer”) for the periods indicated. The information was prepared on the same basis as
the Company’s consolidated financial statements.
92
18.
Supplemental Guarantor Information