UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 28, 2016
SiteOne Landscape Supply, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-37760 | 46-4056061 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
300 Colonial Parkway, Suite 600 Roswell, Georgia |
30076 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code:
(470) 277-7000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. | Regulation FD Disclosure. |
On November 28, 2016, SiteOne Landscape Supply, Inc. issued a press release announcing the entry of certain of its subsidiaries into amendments to its Amended and Restated Credit Agreement, dated as of April 29, 2016. A copy of the press release is furnished as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
Description | |
99.1 | Press Release of SiteOne Landscape Supply, Inc. Announcing Entry into Term Loan Facility Amendments, issued November 28, 2016. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SITEONE LANDSCAPE SUPPLY, INC. | ||||
By: | /s/ Briley Brisendine | |||
Name: | Briley Brisendine | |||
Title: | Executive Vice President, General Counsel and Secretary |
Date: November 28, 2016
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Press Release of SiteOne Landscape Supply, Inc. Announcing Entry into Term Loan Facility Amendments, issued November 28, 2016. |
Exhibit 99.1
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Press Release |
SiteOne Landscape Supply Has Entered into Term Loan Facility Amendments
ROSWELL, Ga. November 28, 2016 SiteOne Landscape Supply, Inc. (NYSE: SITE) (the Company), the largest and only national wholesale distributor of landscape supplies in the United States, today announced that certain of its subsidiaries have entered into certain amendments (the Term Loan Facility Amendments) to the Amended and Restated Credit Agreement, dated as of April 29, 2016 (the Term Loan Facility). The Term Loan Facility Amendments added an additional credit facility under the Term Loan Facility consisting of additional Tranche B Term Loans in an aggregate principal amount of approximately $274 million and increased the aggregate principal amount of Tranche B Term Loans to $299 million. Proceeds of the Tranche B Term Loans were used to repay in full the term loans outstanding under the Term Loan Facility and repay $21 million of borrowings outstanding under the asset-based loan facility.
Immediately prior to effectiveness of the Term Loan Facility Amendments, the Term Loan Facility bore interest at either an adjusted LIBOR rate plus an applicable margin equal to 5.25% or an alternative base rate plus an applicable margin equal to 4.25%. The Tranche B Term Loans bear interest at either an adjusted LIBOR rate plus applicable margin equal to 4.50% or an alternative base rate plus an applicable margin equal to 3.50%. The Tranche B Term Loans will mature on April 29, 2022.
The Term Loan Facility Amendments will result in an annual interest expense reduction of approximately $1.2 million, excluding the one-time write off of unamortized debt issuance costs and discounts in connection with the transaction.
About SiteOne Landscape Supply, Inc.
SiteOne Landscape Supply (NYSE: SITE), is the largest and only national wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. https://www.siteone.com/
Investor Relations Contact:
SiteOne Landscape Supply, Inc.
Pascal Convers
Executive Vice President, Strategy and Development
470.270.7011
investors@siteone.com
SOURCE: SITEONE LANDSCAPE SUPPLY, INC.
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