MSC Industrial amends receivables facility, extends term to December 2028, raises limit to $350 million
MSC Industrial Direct amended its receivables purchase agreement on December 10, 2025, extending the scheduled termination date to December 8, 2028. The amendment also adds a joining purchaser that raises the maximum aggregate commitment by $50 million to $350 million and removes the credit spread adjustment on interest rates. The changes extend the company's receivables financing capacity and term, which may give shareholders more flexibility in funding.
Key points
- Scheduled termination date extended to December 8, 2028
- Maximum aggregate commitment increased by $50 million to $350 million via a joining purchaser
- Credit spread adjustment removed from interest rate on amounts outstanding
- Consolidated net leverage ratio definition updated to reflect changes in the revolving credit agreement
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.