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
(State or other jurisdiction
of incorporation)

000-00255
(Commission File Number)

13-0794380
(I.R.S. Employer
Identification No.)







34 North Meramec Avenue
St. Louis, MO 63105
(Address of Principal Executive Offices)



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.





 



GRAYBAR ELECTRIC COMPANY, INC.



 

Date:June 25, 2021

 

 

By:         /s/ Matthew W. Geekie



Matthew W. Geekie



Senior Vice President, Secretary &



General Counsel