secwatch.observer — SEC 8-K summary
======================================

Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001856525-24-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main plans $750M term loan issuance (2031) and ABL facility extension to 2029
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000003/0001856525-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000003/cnm-20240129.htm
  HTML page:      https://secwatch.observer/filing/0001856525-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer