secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001193125-24-033015
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main enters $750M incremental term loan, extends ABL revolver to 2029
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- New $750M seven-year term loan facility at SOFR + 2.25% or base rate + 1.25% matures Feb 9, 2031.
- Proceeds to repay ABL borrowings and fund M&A, share repurchases, organic growth.
- Existing ABL revolving credit facility maturity extended from July 2026 to February 2029.
- Term loan amortizes at 0.25% quarterly; balance due at final maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000119312524033015/0001193125-24-033015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000119312524033015/d778499d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-033015

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