Graybar, a leading distributor of electrical, industrial, automation and connectivity products and provider of related supply chain management and logistics services, has completed the amendment and extension of its unsecured, committed revolving credit facility. The amendment, among other things, extended the company's five-year, $750 million revolving credit facility. The new facility matures in June 2030 and will support Graybar's general working capital needs as well as its growth initiatives.

Bank of America was the lead institution in the transaction, and BofA Securities served as left lead arranger and sole bookrunner. JPMorgan Chase Bank, Wells Fargo Securities, PNC Capital Markets, U.S. Bank, Bank of Montreal and Fifth Third Bank acted as joint lead arrangers. Regions Bank, Commerce Bank and Comerica Bank also committed capital to help close the transaction.

"This financing agreement provides Graybar with additional flexibility to pursue our ongoing business transformation and long-term growth strategies," said David Meyer, Senior Vice President and Chief Financial Officer. "As we celebrate a century of success, we are investing in new capabilities, capitalizing on growth opportunities, and leveraging our employee ownership culture to build a bright future for our company and those we serve."