debt
confidence high
sentiment neutral
materiality 0.65
Core & Main plans $750M term loan issuance (2031) and ABL facility extension to 2029
Core & Main, Inc.
- Borrow up to $750M in new term loans with maturity in 2031 under amended Term Loan Credit Agreement.
- Extend $1.25B revolving ABL facility maturity from 2026 to 2029 via ABL Credit Agreement amendment.
- Proceeds: repay ~$430M outstanding ABL borrowings, fund organic growth, M&A, share repurchases.
- Amendments authorized by board; completion subject to further consideration and final documentation.