Core & Main redeeming $1.05 billion of notes due 2024, 2025

By Rebecca Melvin

Concord, N.H., July 28 – Core & Main Inc. issued redemptions notices for two series of notes including its $750 million outstanding of 6 1/8% senior notes due 2025 and its $300 million of 8 5/8%/9 3/8% senior PIK toggle notes due 2024, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Core & Main will redeem all of its 6 1/8% notes on Aug. 15, according to a notice of full redemption to holders of all the issued and outstanding notes on July 27. The redemption price is 101.531 plus accrued interest.

Core & Main also redeemed all $300 million of its PIK toggle notes on July 27.

The notice of conditional redemption to the holders of its PIK toggle notes was made on July 15.

The redemption price was 102 plus accrued interest.

Based in St. Louis, Core & Main is a distributor of water, wastewater, storm drainage and fire protection products, and related services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.