Graybar 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.

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

Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services.

"This agreement gives Graybar the financial flexibility to continue investing in growth and innovation," said Graybar's Senior Vice President and Chief Financial Officer Scott Clifford. "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."

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.