Core & Main completed a dual financing to refinance near-term debt and support growth. The company issued $750 million of 6.000% senior notes due July 1, 2034, with semiannual interest payments and customary redemption features. Concurrently, it executed a Sixth Amendment to its Term Loan Credit Agreement to establish a new $800 million senior term loan maturing July 1, 2033, replacing the remaining 2028 term loan. Management plans to use note proceeds to prepay part of the 2028 facility and for general corporate purposes, improving liquidity and extending maturities.
Agreement 1: Core & Main Issues $750 Million 6.000% Senior Notes Due 2034 to Refinance Debt
- Agreement type: $750 million 6.000% senior unsecured notes due 2034 (Indenture)
- Counterparty: U.S. Bank Trust Company, as trustee
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: Until Jul 01 2034
- Reason: Refinance 2028 term loan and fund corporate initiatives
Agreement 2: Core & Main Amends Term Loan, Secures $800 Million 2033 Senior Term Loan With JPMorgan
- Agreement type: Sixth Amendment to Term Loan Credit Agreement; $800 million 2033 Senior Term Loan
- Counterparty: JPMorgan Chase Bank, as administrative agent, and other lenders
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: Until Jul 01 2033
- Reason: Refinance 2028 term loan and enhance flexibility
Original SEC Filing:
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