New York, June 17, 2013 -- Moody's Investors Service (Moody's) placed CDW Corporation's (CDW) ratings on review for upgrade given the announcement that the company launched an initial public offering ("IPO") of its stock, the proceeds of which will be applied to reduce debt at CDW and its subsidiaries. The company expects to receive net proceeds of $467 million in a primary offering of its shares. Affected ratings include CDW's B2 corporate family rating, its B2-PD probability of default rating and instrument ratings at CDW and CDW LLC.
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