$GIC·8-K

GLOBAL INDUSTRIAL Co · Jul 7, 4:44 PM ET

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GLOBAL INDUSTRIAL Co 8-K

Research Summary

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Updated

Global Industrial Company Extends Credit Agreement Maturity to 2031

What Happened
Global Industrial Company (f/k/a Systemax Inc.) announced on June 30, 2026 that it entered into Amendment No. 4 to its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders party thereto. The amendment extends the credit agreement’s maturity date from October 19, 2026 to June 30, 2031. The amendment was reported on Form 8-K filed July 7, 2026 and the amendment document is attached as Exhibit 10.1.

Key Details

  • Amendment No. 4 dated June 30, 2026 to the Third Amended and Restated Credit Agreement (original agreement dated October 28, 2016).
  • Maturity date extended from October 19, 2026 to June 30, 2031.
  • Parties: Global Industrial Company and certain direct and indirect wholly‑owned subsidiaries (the Borrowers) and JPMorgan Chase Bank, N.A. as Administrative Agent and lead arranger; lenders party to the agreement.
  • The amendment is filed as Exhibit 10.1 to the Company’s Form 8‑K (filed July 7, 2026). Other specific financial terms (facility size, pricing, covenants) are not described in the 8‑K text — see Exhibit 10.1 for the full agreement.

Why It Matters
Extending the credit agreement maturity pushes out a near‑term debt deadline, which can reduce immediate refinancing risk and support the company’s liquidity through mid‑2031. For investors, the amendment directly affects the company’s debt maturity profile and short‑term financing plan; any changes to interest rates, covenants or available capacity would be detailed in the amendment itself (Exhibit 10.1). The filing also registers this change as a direct financial obligation of the company.

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