{"schema_version":"secwatch.filing_event.v1","accession":"0000205402-23-000011","form_type":"8-K","ticker":null,"cik":"0000205402","company_name":"GRAYBAR ELECTRIC CO INC","filed_at":"2023-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.521910+00:00","generated_at":"2026-06-17T11:18:12.882188+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Graybar Electric amends credit facility, replacing LIBOR with Term SOFR and adding CDOR transition language","bullets":["Fifth Amendment to Credit Agreement dated March 29, 2023, among Graybar, Graybar Canada, lenders, and Bank of America.","LIBOR-based Eurodollar rate replaced with Term SOFR as the reference interest rate.","Transition language added for Canadian Dealer Offered Rate (CDOR) ahead of its expected discontinuation by June 28, 2024.","Amendment affects Graybar's existing five-year revolving credit facility; no changes to borrowing capacity or terms disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0000205402-23-000011","json":"https://secwatch.observer/filing/0000205402-23-000011.json","markdown":"https://secwatch.observer/filing/0000205402-23-000011.md","text":"https://secwatch.observer/filing/0000205402-23-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/205402/000020540223000011/0000205402-23-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/205402/000020540223000011/c402-20230329x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T11:18:12.882188+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a2cfe92275d0d30b3b27d80532cc58e69b7b12eb","claim":"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.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/205402/000020540223000011/0000205402-23-000011-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Counterparty","value":"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"},{"label":"Rate","value":"replace the LIBOR-based Eurodollar reference interest rate with a reference inte"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"3b3da456146bfbe31c610566593bcfbbd5302ae0","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/205402/000020540223000011/0000205402-23-000011-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Effective","value":"2023-03-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}