Core & Main, Inc. 8-K

What Happened

• On June 22, 2026, Core & Main LP, an indirect wholly owned subsidiary of Core & Main, Inc., commenced a proposed amendment to its Term Loan Credit Agreement to enter into a new $800 million senior term loan (the “New Senior Term Loan”).
• Core & Main intends to use proceeds from the New Senior Term Loan, together with proceeds from the potential incurrence of approximately $750 million of senior unsecured debt, to refinance all $1,230 million of outstanding borrowings under its existing senior term loan due 2028 and for general corporate purposes.
• The New Senior Term Loan is expected to mature on the seventh anniversary of its issuance. The closing is subject to market and other conditions, is not conditioned on incurring the additional senior unsecured debt, and there is no assurance the transactions will occur on the terms described or at all.

Key Details

• Date filed: June 22, 2026 (Form 8-K, Item 8.01).
• Proposed New Senior Term Loan size: $800 million.
• Potential additional senior unsecured debt: approximately $750 million aggregate principal amount.
• Amount to be refinanced: $1,230 million outstanding under existing senior term loan due 2028.
• Expected maturity of New Senior Term Loan: seventh anniversary of issuance.
• Closing conditions: subject to market and other conditions; not guaranteed.

Why It Matters

• If completed, the transactions would refinance the company’s existing 2028 term loan and change its debt maturity profile (new facility expected to mature seven years from issuance).
• The plans involve significant borrowing (potentially $1.55 billion total between the term loan and unsecured debt) and could affect Core & Main’s leverage, liquidity and interest expense depending on final terms.
• Investors should note the filing contains forward‑looking statements and that there is no assurance the proposed financing or additional debt will be completed on the terms described or at all. This 8-K is informational and not an offer to sell securities.