secwatch / observer
8-K filed March 29, 2023, 7:59 PM ET CIK 0000205402
debt confidence high sentiment neutral materiality 0.15

GRAYBAR ELECTRIC CO INC: debt financing — Graybar Electric amends credit facility, replacing LIBOR with Term SOFR and adding CDOR transition language

GRAYBAR ELECTRIC CO INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GRAYBAR ELECTRIC CO INC amended revolving credit with Bank of America, N.A. as Domestic Administrative Agent, Domestic Swing Line Lender and Domestic L/C Issuer and Bank of America, N.A., acting through its Canada Branch, as Canadian Administrative Agent, Canadian Swing Line Lender and Canadian L/C Issuer at replace the LIBOR-based Eurodollar reference interest rate with a reference inte.

Instrument
revolving credit
Counterparty
Bank of America, N.A. as Domestic Administrative Agent, Domestic Swing Line Lender and Domestic L/C Issuer and Bank of America, N.A., acting through its Canada Branch, as Canadian Administrative Agent, Canadian Swing Line Lender and Canadian L/C Issuer
Rate
replace the LIBOR-based Eurodollar reference interest rate with a reference inte
Event
amendment
Exact text from the filing
On March 29, 2023, Graybar Electric Company, Inc. (“Graybar” or the “Company”), and Graybar Canada Limited, its Canadian operating subsidiary (“Graybar Canada”), amended their five-year revolving credit facility (the “Revolving Credit Facility”) pursuant to the terms and conditions of a Fifth Amendment to Credit Agreement, dated as of March 29, 2023 (the “Amended Credit Agreement”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GRAYBAR ELECTRIC CO INC amended Fifth Amendment to Credit Agreement with lenders party thereto, Bank of America, N.A. as Domestic Administrative Agent, Domestic Swing Line Lender and Canadian Administrative Agent, Canadian Swing Line Lender and Canadian L/C Issuer (effective 2023-03-29).

Action
amendment
Agreement
credit facility
Counterparty
lenders party thereto, Bank of America, N.A. as Domestic Administrative Agent, Domestic Swing Line Lender and Canadian Administrative Agent, Canadian Swing Line Lender and Canadian L/C Issuer
Effective
2023-03-29
Exact text from the filing
Graybar Electric Company, Inc. (“Graybar” or the “Company”), and Graybar Canada Limited, its Canadian operating subsidiary (“Graybar Canada”), amended their five-year revolving credit facility (the “Revolving Credit Facility”) pursuant to the terms and conditions of a Fifth Amendment to Credit Agreement, dated as of March 29, 2023 (the “Amended Credit Agreement”), by and among Graybar, as parent borrower, Graybar Canada Limited, as a borrower, the lenders party thereto, Bank of America, N.A. as Domestic Administrative Agent, Domestic Swing Line Lender and Domestic L/C Issuer and Bank of America, N.A., acting through its Canada Branch, as Canadian Administrative Agent, Canadian Swing Line Lender and Canadian L/C Issuer.
View on SEC.gov

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Source: SEC EDGAR
accession 0000205402-23-000011
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