Core & Main enters $944M term loan refinancing; repays Tranche C and part of Tranche D loans

Core & Main, Inc.

Borrowed $744M Tranche E Term Loans plus $200M Supplemental Term Loans total $944M on Dec 17, 2024.
Proceeds used to repay outstanding Tranche C Term Loans not exchanged and a portion of Tranche D Term Loans.
Tranche E Term Loans bear interest at SOFR + 2.00% or base rate + 1.00%; mature Feb 9, 2031.
Loans amortize quarterly at 0.25% of initial principal per year with balance due at maturity.
The refinancing extends maturity and modifies terms under the Fifth Amendment to the Credit Agreement.

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