Westcon lines up $175m credit facility

Working capital

Westcon Group has close a $175m secured credit facility to support working capital requirements for its North American division.

The multinational networking equipment distie says the facility, arranged with a syndicate of seven banks, was oversubscribed. This is a " testament to our strength and viability despite current market conditions".

Westcon is a subsidiary of South African-owned Datatec. ®