Sherwin-Williams 8-K
Debt financing
New U.S. dollar and euro term loans replace the 364-day credit facility, with maturities in September 2027.
Filed 2026-09-29 07:05 ET
- 1.01 Entry into a Material Agreement
- 1.02 Termination of a Material Agreement
- 2.03 Creation of a Financial Obligation
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
New short-term borrowing and refinancing. Sherwin-Williams repaid and terminated its existing 364-day credit agreement using borrowings under new U.S. dollar and euro term loans. The new facilities mature in September 2027 and support refinancing and general corporate purposes.
Key Figures
- U.S. dollar loan: $750M senior unsecured term loan, maturing 9/23/2027; may fund refinancing and general corporate purposes, including working capital. The consolidated leverage ratio is capped at 3.75:1.00, temporarily up to 4.25:1.00 for four consecutive fiscal quarters after a qualifying acquisition, subject to conditions.
- Euro loan: €100M term loan to Sherwin-Williams Luxembourg, maturing 9/23/2027, with up to two six-month extensions at the borrower’s election. Sherwin-Williams guarantees the loan.
- The terminated facility was a 364-day senior unsecured delayed-draw term loan agreement.
Investor Takeaways
- Repayment or refinancing by 9/23/2027 is the next maturity checkpoint; the euro loan may be extended.
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