secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001193125-24-280497
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000119312524280497/0001193125-24-280497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000119312524280497/d883037d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-280497

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