Core & Main LP, a subsidiary of Core & Main, Inc., has commenced a proposed amendment to its existing Term Loan Credit Agreement to enter into a new $800 million senior term loan. The company intends to use the proceeds from this new loan, along with approximately $750 million in potential senior unsecured debt, to refinance $1,230 million of outstanding borrowings due in 2028 and for general corporate purposes. The new senior term loan is expected to mature seven years after issuance. Closing is subject to market conditions and there is no guarantee the transactions will occur. Core & Main, Inc. is a distributor of water, wastewater, and safety products.
