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Global Industrial Company (NYSE: GIC) pushes key credit facility maturity to 2031

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Global Industrial Company entered into Amendment No. 4 to its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank and other lenders. The amendment, dated June 30, 2026, extends the credit facility’s maturity date from October 19, 2026 to June 30, 2031.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Amendment date June 30, 2026 Date of Amendment No. 4
New credit facility maturity June 30, 2031 Extended maturity date under Amendment No. 4
Prior credit facility maturity October 19, 2026 Original maturity before Amendment No. 4
Original credit agreement date October 28, 2016 Date of Third Amended and Restated Credit Agreement
Amendment exhibit Exhibit 10.1 Filed with current report for Amendment No. 4
Third Amended and Restated Credit Agreement financial
"the Third Amended and Restated Credit Agreement, dated as of October 28, 2016"
Amendment No. 4 financial
"entered into Amendment No. 4 (the “Amendment”) to the Third Amended"
Administrative Agent financial
"JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
Sole Bookrunner and Sole Lead Arranger financial
"JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger"
Credit Agreement financial
"the lenders from time to time party thereto (the “Credit Agreement”)."
A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.
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FAQ

What did Global Industrial Company (GIC) change in its credit agreement?
Global Industrial Company extended the maturity of its main credit agreement. Amendment No. 4 moves the facility’s maturity date from October 19, 2026 to June 30, 2031, maintaining its lending relationship with JPMorgan Chase Bank and other lenders.

When does Global Industrial Company’s amended credit facility now mature?
The company’s amended credit facility now matures on June 30, 2031. Previously, the Third Amended and Restated Credit Agreement had a maturity date of October 19, 2026, which has been pushed out by Amendment No. 4.

Who is the administrative agent for Global Industrial Company’s credit agreement?
JPMorgan Chase Bank, N.A. serves as administrative agent. It is also designated as Sole Bookrunner and Sole Lead Arranger under the Third Amended and Restated Credit Agreement, working with lenders that are party to the facility over time.

What document governs Global Industrial Company’s extended credit facility?
The facility is governed by the Third Amended and Restated Credit Agreement. This agreement, originally dated October 28, 2016, has been modified several times, including Amendment No. 4 dated June 30, 2026 extending the maturity to June 30, 2031.

Where can investors find the full text of Amendment No. 4 for GIC?
The complete Amendment No. 4 is filed as Exhibit 10.1. It is attached to the current report and incorporated by reference, allowing investors to review the detailed terms affecting Global Industrial Company’s extended credit agreement.
0000945114False00009451142026-08-042026-08-04

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 30, 2026
Global Industrial Company
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-13792 11-3262067
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
11 Harbor Park Drive, Port Washington, New York
 11050
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (516) 608-7000
N.A.
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 240.14-12)
☐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 CRF 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
 Symbol(s)		Name of each exchange on which registered
Common Stock ($.01 par value)GICNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company          ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐





 
Item 1.01Entry into a Material Definitive Agreement.

On June 30, 2026, Global Industrial Company (the “Company”) and certain of its direct and indirect wholly-owned subsidiaries (together with the Company, the “Borrowers”) entered into Amendment No. 4 (the “Amendment”) to the Third Amended and Restated Credit Agreement, dated as of October 28, 2016 (as previously amended by Amendment No. 1 dated as of October 19, 2021, Amendment No. 2 dated as of June 28, 2022 and Amendment No. 3 dated as of November 29, 2022) with JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders from time to time party thereto (the “Credit Agreement”).

The Amendment amends the Credit Agreement to, inter alia, extend the maturity date of the Credit Agreement from October 19, 2026 to June 30, 2031.

The foregoing description is not complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference.
Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 is incorporated into this Item 2.03 by reference.
    
Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.Description
10.1
Amendment No. 4, dated as of June 30, 2026, to the Third Amended and Restated Credit Agreement by and among Global Industrial Company (f/k/a Systemax Inc.) and certain affiliates thereof, JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders from time to time party thereto.
104Cover Page Interactive Data File (formatted as Inline XBRL).

 




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.
 GLOBAL INDUSTRIAL COMPANY
   
Date: July 7, 2026  
   
 By: /s/ Thomas Clark
  Name: Thomas Clark
  Title: Senior Vice President and Chief Financial Officer


Source: View Original Filing on SEC EDGAR

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