POOL CORP expanded its receivables securitization Facility to a $400.0 million maximum from March through September and extended its termination date to August 25, 2028. For investors, the amendment defines a larger seasonal funding capacity, committed and uncommitted portions, and interest priced at one-month Term SOFR plus applicable margins.

Key Highlights

  • The maximum limit during the remaining months is $300.0 million, comprising $200 million committed and $100 million uncommitted.
  • PNC received assignments representing 5.0% of Wells Fargo’s commitment and 100% of commitments from Truist Bank and Bank of America.
  • The amendment was entered into by Pool Corporation subsidiaries on August 25, 2026, and leaves other agreement provisions in effect unless specifically changed.

POOL CORP (NASDAQ: POOL) now has a receivables securitization facility with a maximum limit of $400.0 million from March through September, while its termination date runs to August 25, 2028. The expanded seasonal capacity forms part of an amendment entered into by subsidiaries of Pool Corporation on August 25, 2026. The arrangement also separates committed funding from uncommitted purchase limits.

Seasonal Capacity and New Purchaser Structure

Superior Commerce LLC remains the seller, with SCP Distributors LLC serving as servicer and Pool Corporation acting as performance guarantor. Wells Fargo Bank, National Association serves as administrative agent, while PNC Bank, Regions Bank and Wells Fargo participate as purchasers.

The seasonal ceiling consists of $300 million committed and $100 million uncommitted capacity. During the remaining months of the year, the facility’s maximum limit is $300.0 million, split between $200 million committed and $100 million uncommitted capacity.

The amendment restructures purchaser commitments. Wells assigned 5.0% of its commitment and outstanding Capital to PNC, while Truist Bank and Bank of America each assigned 100% of their commitments and outstanding capital to PNC.

Interest Terms and Agreement Conditions

The amendment leaves the other provisions of the receivables purchase agreement and performance undertaking in effect except where specifically changed.

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