Business Context and Reporting Period
Company: Core & Main, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 9, 2026
Event: Amendment No. 6 to the ABL Credit Agreement by Core & Main LP, an indirect wholly owned subsidiary.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It focuses exclusively on debt facility terms.
- Debt Facility: ABL Credit Agreement with aggregate commitments of $1,250 million.
- Administrative Agent Change: Citibank, N.A. is resigning; Wells Fargo Bank, National Association is the successor administrative and collateral agent.
Material Changes
The primary material change is the extension of the debt maturity date and the replacement of the administrative agent:
- Maturity Extension: The maturity date for the $1,250 million aggregate commitments has been extended to April 9, 2031.
- Condition Precedent: If certain other existing indebtedness remains outstanding 91 days prior to April 9, 2031, the commitments will mature on that earlier date.
- Covenant Amendments: The agreement includes other amendments to covenants deemed necessary by authorized officers.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, management commentary on future performance, or specific risk factors beyond the terms of the credit agreement. The document notes that the description of the amendment is qualified in its entirety by reference to the full text of Amendment No. 6 (Exhibit 10.1).
Investor Verification Checklist
- Review Exhibit 10.1 (Amendment No. 6) for specific details on covenant changes and the definition of "certain other existing indebtedness" that could trigger an earlier maturity.
- Verify the status of other outstanding indebtedness to assess the likelihood of the April 9, 2031 maturity date being maintained.
- Confirm the transition timeline and operational impact of switching the administrative agent from Citibank to Wells Fargo.