secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001104659-24-077406
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiteOne closes $393M Tranche B term loan refinancing, matures 2030
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- Aggregate principal of ~$393M in Tranche B Term Loans; used to repay existing initial term loans, fees, and working capital.
- Interest rate at Term SOFR +1.75% (with 0.50% floor) or base rate +0.75%.
- Loans mature March 22, 2030; voluntary prepayments permitted with certain repricing premium within first six months.
- Amendment also includes $25M supplemental term loan commitment for general corporate purposes.
- Existing Initial Term Loans of non-exchanging lenders repaid in full in cash on closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924077406/0001104659-24-077406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924077406/tm2418646d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-077406

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