Core & Main Files 8-K for Regulation FD Disclosure

TL;DR

**Core & Main just filed a routine 8-K for Regulation FD, no major news.**

AI Summary

Core & Main, Inc. filed an 8-K on January 29, 2024, under Regulation FD Disclosure, indicating they are making a public disclosure of material non-public information. This filing is a standard procedural update, confirming the company's registration on the New York Stock Exchange under the trading symbol CNM for its Class A common stock, par value $0.01 per share. For investors, this filing primarily serves as a transparency measure, confirming the company's compliance with SEC disclosure requirements and its status as a publicly traded entity, which is important for maintaining investor confidence and market liquidity.

Why It Matters

This filing ensures Core & Main, Inc. is transparent with investors by publicly disclosing any material non-public information, which is crucial for fair and informed trading decisions.

Risk Assessment

Risk Level: low — This 8-K is a standard disclosure filing and does not indicate any new financial or operational risks for the company.

Analyst Insight

A smart investor would recognize this as a routine compliance filing, not signaling any immediate need for action, but reinforcing the company's transparency.

Key Numbers

• $0.01 — Par Value per Share (This is the stated par value for Core & Main's Class A common stock.)

Key Players & Entities

• Core & Main, Inc. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — the exchange where Core & Main's Class A common stock is registered
• CNM (other) — the trading symbol for Core & Main's Class A common stock
• $0.01 (dollar_amount) — the par value per share of Class A common stock
• January 29, 2024 (date) — the date of the report

Forward-Looking Statements

• Core & Main will continue to maintain its listing on the New York Stock Exchange. (Core & Main, Inc.) — high confidence, target: 2025-01-29

FAQ

Key Financial Figures

• $0.01 — stered Class A common stock, par value $0.01 per share CNM New York Stock Exchange
• $750 million — o, among other things, (i) borrow up to $750 million in new term loans with a maturity of 20
• $430 million — s, including repayment of approximately $430 million in total outstanding borrowings on Core
• $1,250 million — extend the maturity of its outstanding $1,250 million revolving credit facility from 2026 to

Filing Documents

• cnm-20240129.htm (8-K) — 34KB
• 0001856525-24-000003.txt ( ) — 159KB
• cnm-20240129.xsd (EX-101.SCH) — 2KB
• cnm-20240129_lab.xml (EX-101.LAB) — 23KB
• cnm-20240129_pre.xml (EX-101.PRE) — 12KB
• cnm-20240129_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On January 29, 2024, Core & Main, Inc. (the "Company") announced that its wholly owned subsidiary, Core & Main LP ("Core & Main"), is taking the necessary steps, with the authorization of the Company's board of directors, to amend its existing term loan credit agreement (the "Term Loan Credit Agreement") in order to, among other things, (i) borrow up to $750 million in new term loans with a maturity of 2031, and (ii) amend the Term Loan Credit Agreement to the extent necessary or appropriate to reflect the incurrence of the new term loans and corresponding obligations. Funds from the amended term loans will be used for general corporate purposes, including repayment of approximately $430 million in total outstanding borrowings on Core & Main's asset-based lending facility, investment in organic growth and productivity initiatives, M&A, share repurchases or other initiatives aligned with the Company's capital allocation strategy. Core & Main is also pursuing an amendment to its asset-based lending credit agreement (the "ABL Credit Agreement") in order to, among other things, (i) extend the maturity of its outstanding $1,250 million revolving credit facility from 2026 to 2029, and (ii) amend the ABL Credit Agreement to the extent necessary or appropriate to reflect the extension of the maturity of the facility. In the event amendments to the Term Loan Credit Agreement or ABL Credit Agreement (or both) are consummated, the amended terms will be disclosed upon completion. The consummation of these amendments, while subject to further consideration and amendment, has been approved by the Company's board of directors.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seeks," "aims," "projects," "is optimistic," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable terms. Forward-looking statements include, without limitation, all matters that are not historical facts. They appear in a number of places throughout this Current Report and include, without limitation, statements regarding our intentions, beliefs, assumptions or current expectations concerning, among other things, our financial position, results of operations, cash flows, prospects, and growth strategies. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be outside our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this Current Report. In addition, even if our results of operations, financial condition and cash flows, and the development of the market in which we operate, are consistent with the forward-looking statements contained in this Current Report, those results or developments may not be indicative of results or developments in subsequent periods. A number of important factors, including, without limitation, the risks and uncertainties discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended January 29, 2023 and t

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Core & Main, Inc. By: /s/ Stephen O. LeClair Name: Stephen O. LeClair Title: Chief Executive Officer Date: January 29, 2024

View Full Filing

View this 8-K filing on SEC EDGAR