Business Context and Reporting Period
Company: POOL CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: March 26, 2007
Date of Earliest Event: March 22, 2007
Context: The filing reports the entry into a material definitive agreement regarding the company's receivables financing facility.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, or specific debt balance data. The document focuses exclusively on the amendment of an existing credit facility.
Material Changes
On March 22, 2007, the company's subsidiaries (SCP Distributors LLC, Superior Pool Products, LLC, and Horizon Distributors, Inc.) entered into an Omnibus Amendment. This action:
- Amended the Receivables Purchase Agreement (Amendment No. 7) and the Receivables Sale Agreement (Amendment No. 2).
- Renewed the Receivables Facility for an additional term of 364 days.
- Involved JPMorgan Chase Bank, N.A. and Jupiter Securitization Company as key counterparties.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of new risks. The document references Note 5 of the audited financial statements in the Form 10-K for the year ended December 31, 2006, for a description of the Receivables Facility.
Investor Verification Checklist
- Verify the specific terms and interest rates of the renewed 364-day facility in the attached Exhibit 10.1.
- Review Note 5 of the 2006 Form 10-K to understand the historical structure and covenants of the Receivables Facility.
- Confirm the identities of the subsidiaries involved in the amendment to ensure alignment with the company's operating structure.