Core & Main Boosts Liquidity with New Loan and Credit Extension

Core & Main (CNM) has released an update.

Core & Main LP secured a new $750 million term loan to bolster its finances and strategic initiatives, alongside extending the maturity of its asset-based revolving credit facility. The term loan, with a flexible interest rate, will support various company endeavors including debt repayment, growth investments, and share repurchases, with the balance due in 2031. Concurrently, the company has also pushed the expiration of its revolving credit facility to 2029, ensuring extended financial flexibility.

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