debt
confidence high
sentiment neutral
materiality 0.50
MSC Industrial extends $600M credit facility maturity to 2030, adds $50M swingline
MSC INDUSTRIAL DIRECT CO INC
- Maturity extended to July 16, 2030; facility remains $600M unsecured revolver.
- Added a $50M swingline loan sub-facility.
- Removed credit spread adjustment; updated pricing grid tied to consolidated net leverage ratio.
- Replaced certain lenders; option to request up to two one-year extensions, subject to lender approval.
- JPMorgan Chase Bank remains administrative agent; Bank of America, Wells Fargo, U.S. Bank as lenders.