Core & Main files to sell 15M Class A common shares for holders

Core & Main announced the launch of an underwritten secondary public offering of 15M shares of its Class A common stock by certain selling stockholders. In addition, Core & Main announced that concurrent with the completion of the offering, it expects to repurchase and redeem, as the case may be, from the selling stockholders 3.13M shares of its Class A common stock and 1.87M partnership interests of the company’s subsidiary Core & Main Holdings, LP at the same per share price to be paid by the underwriters to the selling stockholders in the offering. The closing of the repurchase is subject to the closing of the offering. The closing of the offering is not conditioned upon the closing of the repurchase. J.P. Morgan and Citigroup are acting as the joint lead book-running managers for the offering.