Business Context and Reporting Period
Company: Pool Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 20, 2015
Event: Extension of the maturity date on the Company's revolving credit facility.
Key Financial Metrics
Debt Facility: $465.0 million revolving credit facility.
New Maturity Date: November 20, 2020 (extended by one year from the original date).
Other Metrics: The filing does not provide specific values for revenue, profit, cash flow, margins, or liquidity ratios. It notes that other material terms of the credit agreement remain unchanged.
Material Changes Versus Prior Period
- Extension: The primary change is the one-year extension of the credit facility maturity.
- Terms: No changes were made to other material terms of the Amended and Restated Credit Agreement.
Guidance, Outlook, and Risks
Management Commentary: The Company noted that it and its affiliates engage in customary commercial banking and investment banking services with parties to the Credit Agreement, for which customary fees and commissions are paid.
Risks and Contingencies: The filing does not disclose new risks or contingencies beyond the standard disclosure of related-party banking services.
Unusual Items: None reported.
Important Facts for Investor Verification
- Verify the full text of the "Consent to Extension" filed as Exhibit 10.1 to confirm no hidden covenants were altered.
- Confirm the current outstanding balance on the $465.0 million facility to assess immediate liquidity needs.
- Review the October 20, 2011 Form 8-K referenced in the filing to understand the baseline terms of the credit agreement.