Core & Main ups ABL facility by $400M to $1.25B, adopts SOFR rate

Core & Main, Inc.

Aggregate commitments under ABL revolving credit facility increased by $400M to $1.25B overall.
Amended facility matures July 27, 2026; accordion feature raised to $2.0B (up $650M).
As of July 29, 2022, $142M of revolving loans outstanding and $9M in letters of credit issued.
Amended benchmark from LIBOR to forward-looking SOFR; other terms modified as agreed.

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