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): June 25, 2021
GRAYBAR ELECTRIC COMPANY, INC.
(Exact Name of Registrant as specified in Charter)
New York |
000-00255 |
13-0794380 |
34 North Meramec Avenue |
Registrant’s telephone number, including area code: (314) 573-9200
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 (see General Instruction A.2. below):
[ ]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 1.01 |
Entry into a Material Definitive Agreement |
On June 25, 2021, Graybar Electric Company, Inc. (the “Company”) amended its agreement with MetLife Investment Management, LLC (formerly known as MetLife Investment Advisors, LLC), Metropolitan Life Insuance Company and MetLife Investment Management Limited (collectively, “MetLife”) and each other MetLife Affiliate which becomes bound by the Agreement (the “MetLife Shelf Agreement”). The amendment, among other things, increased availability under the MetLife Shelf Agreement by $50 million to $150 million, joined MetLife Investment Management Limited in substitution, and release, of Metropolitan Life Insurance Company, and extended the issuance period to June 2024. The other material terms of the MetLife Shelf Agreement remain unchanged.
The description of the amendment to the MetLife Shelf Agreement in this Form 8-K does not purport to be complete and is qualified in its entirety by the full text of the amendment, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2021.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The disclosure set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
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.
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GRAYBAR ELECTRIC COMPANY, INC. |
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Date:June 25, 2021 |
By: /s/ Matthew W. Geekie |
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Matthew W. Geekie |
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Senior Vice President, Secretary & |
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General Counsel |