Sherwin-Williams signs USD 750 million 364-day term loan credit agreement with Citibank-led lenders
Bitget2026/09/29 11:05- Sherwin-Williams entered a new 364-day senior unsecured Term Loan Credit Agreement on Sept. 24, 2026.
- Facility provides a USD 750 million term loan, maturing Sept. 23, 2027.
- Borrowings earmarked for refinancing the existing 364-day term loan credit agreement, also for general corporate purposes, including working capital.
- Existing 364-day delayed draw Term Loan Credit Agreement dated Aug. 8, 2025 was repaid, then terminated effective Sept. 24, 2026.
- Financial covenant caps consolidated leverage ratio at 3.75x, with a temporary step-up to 4.25x for four quarters after a qualifying acquisition.
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