POOL CORP Files 8-K on Material Agreement and Financial Obligation

TL;DR

POOL just signed a big deal and took on debt, filing an 8-K to let everyone know.

AI Summary

On November 5, 2024, POOL CORP (POOL) filed an 8-K detailing a material definitive agreement and a direct financial obligation. The filing indicates the company entered into a new agreement and incurred a financial obligation, though specific details of the agreement and obligation are not fully disclosed in the provided text.

Why It Matters

This filing signals a significant new contractual commitment or debt for POOL CORP, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries some level of risk due to the nature of new commitments and debt.

Key Players & Entities

• POOL CORP (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 109 Northpark Boulevard, Covington, Louisiana 70433-5001 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share POOL Nasdaq Global Select Mar
• $375.0 million — increase the maximum facility limit to $375.0 million in the months of April through May. As
• $210.0 million — and a funding capacity that ranges from $210.0 million to $350.0 million during the remaining
• $350.0 million — city that ranges from $210.0 million to $350.0 million during the remaining months of the year

Filing Documents

• pool-20241105.htm (8-K) — 26KB
• poolamendmentno13.htm (EX-10.1) — 822KB
• 0000945841-24-000167.txt ( ) — 1115KB
• pool-20241105.xsd (EX-101.SCH) — 3KB
• pool-20241105_lab.xml (EX-101.LAB) — 22KB
• pool-20241105_pre.xml (EX-101.PRE) — 12KB
• pool-20241105_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 31, 2024, subsidiaries of Pool Corporation (the "Company") entered into the Joinder and Amendment No. 13 to the Receivables Purchase Agreement by and among Superior Commerce LLC, as Seller, SCP Distributors LLC, as the Servicer, the purchasers from time to time party thereto (the "Purchasers"), and Wells Fargo Bank, National Association, as Administrative Agent (as amended, the "Amended Receivables Purchase Agreement"). The Amended Receivables Purchase Agreement amends the Company's receivable securitization facility principally to extend the facility termination date to October 30, 2026 and increase the maximum facility limit to $375.0 million in the months of April through May. As amended, the facility has a maximum facility limit of $375.0 million in the months of April through May and a funding capacity that ranges from $210.0 million to $350.0 million during the remaining months of the year. In the ordinary course of business, the Company and its subsidiaries have engaged, and may in the future engage, certain parties to the Amended Receivables Purchase Agreement or their affiliates to provide commercial banking, investment banking, and other services for which the Company or its subsidiaries have paid or will pay customary fees or commissions. The foregoing description of the Amended Receivables Purchase Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the Amended Receivables Purchase Agreement, which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference. The Amended Receivables Purchase Agreement is included as an exhibit to this Form 8-K to provide you with information regarding the terms of the Amended Receivables Purchase Agreement and is not intended to provide any other factual or disclosure information about the Company or the other parties thereto. The Amended Receivables Purchase Agreement contain

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Joinder and Amendment No. 13 to the Receivables Purchase Agreement, effective October 31, 2024, among Superior Commerce LLC, as Seller, SCP Distributors LLC, as the Servicer, the Purchasers from time to time party thereto, and Wells Fargo Bank, National Association, as Administrative Agent (Exhibit A/B contains the Receivables Purchase Agreement, as amended through October 31, 2024). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. POOL CORPORATION By: /s/ Melanie Housey Hart Melanie Housey Hart Vice President and Chief Financial Officer Dated: November 5, 2024

View Full Filing

View this 8-K filing on SEC EDGAR