---
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"
generated_at: "2026-06-17T11:18:12.882188+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Graybar Electric amends credit facility, replacing LIBOR with Term SOFR and adding CDOR transition language

## Summary
- 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.

## SEC filing metadata
- accession: 0000205402-23-000011
- form_type: 8-K
- cik: 0000205402
- company_name: GRAYBAR ELECTRIC CO INC
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000205402-23-000011
- JSON: https://secwatch.observer/filing/0000205402-23-000011.json
- Plain text: https://secwatch.observer/filing/0000205402-23-000011.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/205402/000020540223000011/0000205402-23-000011-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/205402/000020540223000011/0000205402-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.