Business Context and Reporting Period
Company: SCP Pool Corporation (POOL CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: November 27, 2001
Reporting Period: The filing reports on events occurring on November 27 and November 28, 2001, regarding the establishment of a new credit facility.
Key Financial Metrics
Debt and Liquidity: The company secured a new $110.0 million Revolving Credit Facility.
Revenue, Profit, Cash Flow, Margins: The filing text does not provide a clear value for these metrics as this is a current report focused on a specific corporate event rather than a periodic financial statement.
Material Changes
- New Financing: On November 28, 2001, the company announced the completion of a $110.0 million Revolving Credit Facility.
- Agreement Details: The Credit Agreement was dated November 27, 2001, involving Bank One, NA (Administrative Agent), Hibernia National Bank (Documentation Agent), Fleet Capital Corporation (Syndication Agent), and Banc One Capital Markets, Inc. (Lead Arranger and Sole Book Runner).
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the execution of the credit agreement and associated security documents (Guaranty and Pledge and Security Agreement).
Outlook and Risks: The filing text does not provide a clear value for future guidance, specific risk factors, or contingencies beyond the execution of the debt instrument.
Investor Verification Checklist
- Verify the terms and interest rate structure of the new $110.0 million Revolving Credit Facility.
- Review the specific covenants and collateral requirements detailed in the Pledge and Security Agreement (Exhibit 99.4).
- Confirm the utilization status of the new facility and its impact on the company's overall leverage ratio.
- Check for any subsequent filings regarding the drawdown of funds from this facility.