SiteOne Landscape Supply, Inc. (NYSE:SITE) Files An 8-K Regulation FD Disclosure

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SiteOne Landscape Supply, Inc. (NYSE:SITE) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure

SiteOne Landscape Supply, Inc. announced today that it intends to amend its existing $297 million term loan facility maturing on April 29, 2022 (the “Term Loan Facility”) in order to, among other things, add an additional credit facility under the Term Loan Facility consisting of additional term loans (the “Tranche C Term Loans”) in an aggregate principal amount of approximately $298 million with an effective interest rate that will be lower than the effective interest rate applicable to the term loans outstanding immediately prior to the amendment (the “Existing Term Loans”). Proceeds of the Tranche C Term Loans will be used to repay in full the Existing Term Loans and to pay fees and expenses in connection with the amendment.

We anticipate the amendment to be completed in May 2017. The proposed amendment to the Term Loan Facility may be impacted by economic, market, industry, geopolitical and other conditions, most of which are beyond our control. There can be no assurance that we will be able to complete the proposed amendment on terms and conditions favorable to us or at all, and we may decide to terminate the proposed amendment before its completion.


About SiteOne Landscape Supply, Inc. (NYSE:SITE)

SiteOne Landscape Supply, Inc. is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores. The Company offers a selection of fertilizer and control products, such as herbicides, irrigation supplies, landscape accessories, nursery goods, hardscapes, including pavers, natural stones and blocks, and outdoor lighting products. The Company’s customers are primarily residential and commercial landscape professionals specializing in the designing, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. The Company offers various products, such as spreader settings, LESCO equipment specification sheets, golf course supplies, seed: golf and greentech specification binder.

SiteOne Landscape Supply, Inc. (NYSE:SITE) Recent Trading Information

SiteOne Landscape Supply, Inc. (NYSE:SITE) closed its last trading session up +0.65 at 50.08 with 847,824 shares trading hands.