SiteOne Landscape Supply, Inc. (SITE) Files An 8-K Regulation FD DisclosureItem 7.01.
SiteOne Landscape Supply, Inc. announced today that it has had preliminary discussions with potential financial intermediaries and advisors, and intends to amend its amended and restated $275 million term loan facility maturing on April 29, 2022 (the “Term Loan Facility”) to, among other things, add an additional credit facility under the Term Loan Facility consisting of additional term loans (the “Tranche B Term Loans”) in an aggregate principal amount of up to $275 million. We refer to this amendment as the “Term Loan Repricing Amendment.” Proceeds of the Tranche B Term Loans will be used to, among other things, repay in full the term loans outstanding under the Term Loan Facility immediately prior to effectiveness of the Term Loan Repricing Amendment. We expect that the Term Loan Repricing Amendment will decrease the effective interest rate applicable to the term loans outstanding under our Term Loan Facility.
The Term Loan Repricing Amendment 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 Term Loan Repricing Amendment on terms and conditions favorable to us or at all, and we may decide to terminate the Term Loan Repricing Amendment before its completion.
About SiteOne Landscape Supply, Inc. (SITE)
