GRAYBAR ELECTRIC CO INC: debt financing — Graybar extends $750M revolving credit facility to June 2030

GRAYBAR ELECTRIC CO INC

Amended $750M unsecured committed revolving credit facility; matures June 2030.
Includes $35M letter of credit sub-facility, $75M US swing-line, $20M Canadian swing-line.
$100M sublimit for Canadian borrowings; accordion allows up to $375M increase.
Interest at base rate or term SOFR/CORRA plus margin; facility fee 0.25%-0.4% per annum.
Bank of America lead; JPMorgan, Wells Fargo, PNC, U.S. Bank, BMO, Fifth Third as joint leads.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

GRAYBAR ELECTRIC CO INC amended revolving credit of $750 million committed revolving credit agreement with Bank of America, N.A. at base rate plus applicable margin ranging from 0.00% to 0.60% or term SOFR/CORRA maturing June 2030.

Instrument: revolving credit
Principal: $750 million committed revolving credit agreement
Counterparty: Bank of America, N.A.
Rate: base rate plus applicable margin ranging from 0.00% to 0.60% or term SOFR/CORRA
Maturity: June 2030
Event: amendment

Exact text from the filing

On June 27, 2025, Graybar Electric Company, Inc. (“Graybar” or the “Company”), and Graybar Canada Limited, its Canadian operating subsidiary (“Graybar Canada”), amended and extended their unsecured, five-year $750 million committed revolving credit agreement (the “Revolving Credit Facility”) pursuant to the terms and conditions of a Sixth Amendment to Credit Agreement, dated as of June 27, 2025

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Source: SEC EDGAR

accession 0000205402-25-000030

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