debt
confidence high
sentiment neutral
materiality 0.60
Core & Main proposes $800M new term loan and $750M unsecured debt to refinance $1.23B
Core & Main, Inc.
- New $800M senior term loan with 7-year maturity; closing not conditioned on unsecured debt.
- Plans to also incur ~$750M senior unsecured debt to refinance $1.23B existing term loan due 2028.
- Proceeds will refinance existing borrowings and fund general corporate purposes.
- Transaction subject to market and other conditions; no assurance of completion.