Core & Main Inc.
06/22/2026 | Press release | Distributed by Public on 06/22/2026 04:59
Material Event (Form 8-K)
Item 8.01. Other Events.
On June 22, 2026, Core & Main LP, a Florida limited partnership ("Core & Main"), an indirect wholly owned subsidiary of Core & Main, Inc., commenced a proposed amendment to its existing Term Loan Credit Agreement, dated as of August 1, 2017, as amended by the Lender Joinder Agreement, dated as of July 8, 2019, the First Amendment, dated as of July 27, 2021, the Second Amendment, dated as of February 26, 2023, the Third Amendment, dated as of February 9, 2024, the Fourth Amendment, dated as of May 21, 2024, and the Fifth Amendment, dated as of December 17, 2024, by and among Core & Main, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the other financial institutions and lenders from time to time party thereto, in order to, among other things, enter into a new $800 million senior term loan (the "New Senior Term Loan"), which is expected to mature on the seventh anniversary of the date of issuance of the New Senior Term Loan.
Core & Main intends to use the proceeds from the New Senior Term Loan, together with the proceeds from the potential incurrence of approximately $750 million aggregate principal amount of senior unsecured debt, to refinance all $1,230 million of outstanding borrowings under its existing senior term loan due 2028 and for general corporate purposes. The closing of the New Senior Term Loan is not conditioned on the incurrence of any additional senior unsecured debt and is subject to market and other conditions. There can be no assurance that Core & Main will close the New Senior Term Loan or raise the additional senior unsecured debt on the terms described herein or at all.
This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.
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