GMS INC. (NYSE:GMS) Files An 8-K Results of Operations and Financial Condition
Item2.02. Results of Operations and Financial
Condition.
GMS Inc. (the Company) is engaged in preliminary discussions with
certain lenders under its First Lien Credit Agreement, dated
April1, 2014, among GYP Holdings III Corp., as borrower, GYP
Holdings II Corp., the financial institutions from time to time
party thereto, as lenders, and Credit Suisse AG, as
administrative agent and collateral agent (as amended, modified
or supplemented from time to time, the Credit Agreement), to
opportunistically amend the Credit Agreement to improve certain
of its terms, including the interest rate and maturity. In
connection with the potential amendment, on May22, 2017, the
Company disclosed to the lenders under the Credit Agreement
certain preliminary financial information for the three months
and fiscal year ended April30, 2017. The preliminary financial
information is furnished as Exhibit99.1 hereto and incorporated
herein by reference. Consummation of the potential amendment will
depend, among other things, on lender participation, and
therefore, there can be no assurance that any terms of the Credit
Agreement will be improved as discussed above.
In accordance with General Instruction B.2 of Form8-K, the
information in this Item 2.02 of this Current Report on Form8-K,
including Exhibit99.1 attached hereto, shall not be deemed filed
for the purposes of Section18 of the Securities Exchange Act of
1934, as amended (the Exchange Act), or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as
amended (the Securities Act), or the Exchange Act, except as
shall be expressly set forth by specific reference in such a
filing.
Item7.01. Regulation FD
Disclosure.
The disclosures contained in Item 2.02 above, including
Exhibit99.1 attached hereto, are hereby incorporated by reference
into this Item 7.01.
In accordance with General Instruction B.2 of Form8-K, the
information in this Item 7.01 of this Current Report on Form8-K,
including Exhibit99.1 hereto, shall not be deemed filed for the
purposes of Section18 of the Exchange Act, or otherwise subject
to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act
or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.
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Item9.01. |
Financial Statements and Exhibits. |
(d)Exhibits. The following exhibit is filed with this
report:
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ExhibitNo. |
|
Description |
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99.1 |
Preliminary financial information as of May22, 2017. |
About GMS INC. (NYSE:GMS)
GMS Inc. is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers. Its Wallboard is a building product for interior and exterior walls and ceilings in residential and commercial structures. Its ceilings product line consists of suspended mineral fiber, soft fiber and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools and a range of other commercial and institutional buildings. Its steel framing product line consists of steel track, studs and various other steel products used to frame the interior walls of a commercial or institutional building. It supplies complementary products, including insulation, ready-mix-joint compound and various other interior construction products. GMS INC. (NYSE:GMS) Recent Trading Information
GMS INC. (NYSE:GMS) closed its last trading session 00.00 at 33.24 with 159,848 shares trading hands.