Core & Main Announces Launch of Senior Notes Offering

Core & Main announced the launch of a $750 million offering of Senior Notes due 2034, issued by its indirect wholly-owned subsidiary Core & Main LP. The company expects to use the net proceeds to prepay a portion of its existing senior term loan due July 27, 2028, and for general corporate purposes, including M&A and share repurchases. The notes will be guaranteed on an unsecured senior basis by Core & Main’s direct parent companies and certain future subsidiaries, offered to qualified institutional buyers under Rule 144A and outside the U.S.

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