Core & Main, Inc. — Form 10-Q
Filed September 9, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 24/100
What the filing says
On August 11, 2026, Core & Main LP executed a Seventh Amendment to its credit agreement, refinancing approximately $927.8 million of Tranche E Term Loans into new Tranche G Term Loans. Existing Tranche E Term Lenders could elect a cashless rollover, while new Tranche G Term Lenders funded the remainder. The amendment adjusted pricing (Tranche G: ABR 0.75%/SOFR 1.75%) and maintains the same maturity profile.
Why this rating
Routine refinancing of ~$928M (~7.8% of market cap). No material change to leverage, maturity dates, or financial covenants. Administrative amendment typical of mature credit facilities.
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