debt
confidence high
sentiment neutral
materiality 0.60
Core & Main extends $1.25B ABL facility to 2031, replaces Citibank with Wells Fargo
Core & Main, Inc.
- Extended $1.25 billion ABL credit facility maturity to April 9, 2031.
- Wells Fargo appointed successor administrative and collateral agent, replacing Citibank.
- Non-consenting lenders replaced; covenant amendments and other modifications made.
- Effective date April 9, 2026; conditions including legal opinions and no default satisfied.