Pool Corporation has entered into a significant financial agreement with Wells Fargo Bank and other lenders, as evidenced by their Fourth Amended and Restated Credit Agreement announced on July 10, 2025. This new agreement refinances the existing $500 million term loan, extending its maturity date from September 26, 2026, to September 30, 2029. Additionally, it removes the previous 0.10% adjustment for the term securing overnight financing rate (Term SOFR). Quarterly amortization payments are set to begin on September 30, 2027, with all remaining principal due by the 2029 maturity date. The interest rates will continue to be variable, based on a one-month Term SOFR plus an applicable margin. Pool Corporation's financial obligations remain consistent with previous agreements, including maintaining specific leverage and coverage ratios, and the agreement continues to be guaranteed on an unsecured basis by the company's domestic subsidiaries.
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