debt
confidence high
sentiment neutral
materiality 0.55
Core & Main LP prices $750M 6.000% Senior Notes due 2034; net proceeds to prepay term loan
Core & Main, Inc.
- Offering of $750M aggregate principal at 6.000% Senior Notes due 2034 by Core & Main LP.
- Pricing on June 25, 2026; closing expected July 1, 2026.
- Net proceeds to prepay portion of existing senior term loan due July 27, 2028, and for general corporate purposes (M&A, share repurchases).
- Notes unsecured senior, guaranteed by Core & Main Midco, LLC and Intermediate GP, LLC, plus future domestic subsidiaries.