Core & Main LP Launches Notes
Core & Main LP launches $750M senior notes due 2034 to prepay existing debt and fund corporate purposes
Expects to use net proceeds to prepay a portion of existing senior term loan due July 27th, 2028, and for general corporate purposes, including organic growth and operational initiatives, M&A, share repurchases, and other capital allocation initiatives. - Notes will be guaranteed on an unsecured senior basis by Core & Main LP's direct parent companies and certain future wholly-owned domestic subsidiaries.