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SITEONE LANDSCAPE SUPPLY, INC.

(SITE)
  Report
Delayed Nyse  -  04:00 2022-10-03 pm EDT
108.61 USD   +4.29%
09/16Insider Sell: Siteone Landscape Supply
MT
09/07Kaknes Landscape Supply Joins SiteOne Landscape Supply
BU
09/07SiteOne Landscape Supply, Inc. acquired Kaknes Landscape Supply, Inc.
CI
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SiteOne Landscape Supply, Inc. and Siteone Landscape Supply Holding, Llc Enters into Seventh Amendment to Credit Agreement

07/25/2022 | 04:02pm EDT

SiteOne Landscape Supply, Inc. (the Company") announced that certain of its subsidiaries have entered into the Seventh Amendment to Credit Agreement, dated as of July 22, 2022 (the Seventh Amendment"), by and among SiteOne Landscape Supply Holding, LLC (Holding") and SiteOne Landscape Supply, LLC, as borrowers (collectively, the Borrowers"), JPMorgan Chase Bank, N.A. (the New Agent"), as administrative agent and collateral agent, the several banks and other financial institutions party thereto and certain other parties party thereto from time to time. The Seventh Amendment amends and restates the Credit Agreement, dated as of December 23, 2013, among the Borrowers, the lenders and other financial institutions from time to time party thereto and UBS AG, Stamford Branch (the Existing Agent") as administrative agent and collateral agent (as amended prior to July 22, 2022, the Existing Credit Agreement" and, as so amended and restated pursuant to the Seventh Amendment, the Amended and Restated Credit Agreement") in order to, among other things, (i) increase the aggregate principal amount of the commitments under the Existing Credit Agreement to $600 million, (ii) extend the final scheduled maturity of the revolving credit facility under the Existing Credit Agreement, (iii) establish an alternate rate of interest
to the LIBOR rate under the Existing Credit Agreement, (iv) replace the Existing Agent as administrative and collateral agent with the New Agent and (v) make such other changes to the Existing Credit Agreement as agreed among the Borrowers and the lenders. Proceeds of the initial borrowings under the Amended and Restated Credit Agreement on the closing date were used, among other things, (i) to repay in full the loans outstanding under the Existing Credit Agreement immediately prior to effectiveness of the Seventh Amendment, (ii) to pay fees and expenses related to the Seventh Amendment and the Amended and Restated Credit Agreement and (iii) for working capital and other general corporate purposes. Loans under the Amended and Restated Credit Agreement will bear interest, at Holding's option, at either (i) an adjusted term SOFR rate equal to term SOFR plus 0.10% (subject to a floor of 0.00%) plus an applicable margin of 1.25% or 1.50% or (ii) an alternate base rate plus an applicable margin of 0.25% or 0.50%, in each case depending on average daily excess availability under the Amended and Restated Credit Agreement, and in each case subject to a 0.125% reduction when the Consolidated Total Leverage Ratio (as defined in the Amended and Restated Credit Agreement) is less than 1.50:1.00. Additionally, undrawn commitments under the Amended and Restated Credit Agreement bear a commitment fee of 0.20% or 0.25%, depending on the average daily undrawn portion of the commitments under the Amended and Restated Credit Agreement. The loans under the Amended and Restated Credit Agreement will mature, and the commitments under the Amended and Restated Credit Agreement will terminate, on July 22, 2027.


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All news about SITEONE LANDSCAPE SUPPLY, INC.
09/16Insider Sell: Siteone Landscape Supply
MT
09/07Kaknes Landscape Supply Joins SiteOne Landscape Supply
BU
09/07SiteOne Landscape Supply, Inc. acquired Kaknes Landscape Supply, Inc.
CI
09/01SiteOne Landscape Supply Closes Stone Plus Acquisition
MT
09/01Stone Plus Joins SiteOne Landscape Supply
BU
09/01SiteOne Landscape Supply, Inc. (NYSE : SITE) acquir..
CI
08/22Jim Stone Co. of Louisiana Joins Siteone Landscape Supply
BU
08/19Insider Sell: Siteone Landscape Supply
MT
08/18Deutsche Bank Initiates Coverage on SiteOne Landscape Supply With Buy Rating, $189 Pric..
MT
08/17Linzel Distributing Joins SiteOne Landscape Supply
BU
More news
Analyst Recommendations on SITEONE LANDSCAPE SUPPLY, INC.
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Financials (USD)
Sales 2022 3 923 M - -
Net income 2022 258 M - -
Net Debt 2022 205 M - -
P/E ratio 2022 19,2x
Yield 2022 -
Capitalization 4 889 M 4 889 M -
EV / Sales 2022 1,30x
EV / Sales 2023 1,23x
Nbr of Employees 5 250
Free-Float 98,5%
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Technical analysis trends SITEONE LANDSCAPE SUPPLY, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 108,61 $
Average target price 148,56 $
Spread / Average Target 36,8%
EPS Revisions
Managers and Directors
Doug Black Chairman & Chief Executive Officer
John T. Guthrie Chief Financial Officer & Executive Vice President
Sean Kramer Chief Information Officer
William W. Douglas Lead Independent Director
Jack L. Wyszomierski Independent Director
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