Graybar, a distributor of electrical, communications and data networking products and a provider of related supply chain management and logistics services, completed the amendment and extension of its unsecured committed revolving credit facility. The amendment, among other things, extended the company’s five-year, $750 million revolving credit facility. The new facility matures in August 2026 and will support Graybar’s general working capital needs as well as its growth initiatives.

“This agreement gives Graybar the financial flexibility to continue investing in growth and innovation,” Scott Clifford, senior vice president and CFO at Graybar, said. “As we prepare for the future, we remain focused on providing an exceptional customer experience, managing our business wisely and pursuing strategic opportunities to drive our long-term growth and transformation.”

Bank of America was the lead institution in the transaction and BofA Securities served as left lead arranger and sole bookrunner. JPMorgan Chase Bank, Wells Fargo Securities, PNC Capital Markets, U.S. Bank, BMO Capital Markets and Fifth Third Bank acted as joint lead arrangers. Regions Bank, Commerce Bank and Comerica Bank also participated in the transaction.

In connection with the amendment, Graybar also amended each of its unsecured uncommitted private placement shelf agreements to conform those agreements to specified changes in the amended credit agreement.