Business Context and Reporting Period
Company: SCP Pool Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: March 28, 2006
Event Date: March 23, 2006
Context: The company entered into a material definitive agreement regarding its financing facilities.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or general debt levels. The only specific financial metric disclosed relates to the company's borrowing capacity:
- Accounts Receivables Securitization Facility Capacity: Increased to $150.0 million.
Material Changes
On March 23, 2006, SCP Pool Corporation executed Amendment No. 6 to its Receivables Purchase Agreement. The material changes include:
- Capacity Increase: The borrowing limit under the Accounts Receivables Securitization Facility was raised to $150.0 million.
- Term Extension: The Facility was renewed for an additional term of 364 days.
- Counterparties: The agreement involves Superior Commerce LLC, SCP Distributors LLC, JPMorgan Chase Bank, N.A., and Jupiter Securitization Corporation.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the execution of the amendment. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the total outstanding balance under the $150.0 million facility to assess current utilization.
- Review the terms of Amendment No. 6 (Exhibit 99.1) for any changes in interest rates, fees, or covenants.
- Confirm the maturity date of the renewed 364-day term.
- Check subsequent filings for any further amendments or defaults related to this facility.