secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001856525-24-000067
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main enters $1.459B debt refinancing, new Tranche D Term Loans due 2028
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- Fourth Amendment upsizes term loans to $1.459 billion; Tranche D Term Loans issued May 21, 2024.
- Interest rate: SOFR + 2.00% or base rate + 1.00% per annum, floating at borrower's option.
- Final maturity: July 27, 2028; quarterly amortization of 0.25% of initial principal.
- Proceeds, plus cash on hand and ABL borrowings, repay existing Tranche B Term Loans and fees.
- Repricing prepayment premium of 1.0% applies for six months on certain refinancings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000067/0001856525-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000067/cnm-20240521.htm
  HTML page:      https://secwatch.observer/filing/0001856525-24-000067

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