11/17/2025 | Press release | Distributed by Public on 11/17/2025 13:46
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Item 1.01. |
Entry into a Material Definitive Agreement. |
On November 17, 2025, The Sherwin-Williams Company ("Sherwin-Williams") entered into that certain Amended and Restated Credit Agreement (the "Amended Credit Agreement") with Citicorp USA, Inc. ("CUSA"), as administrative agent and issuing bank, and the lenders party thereto. The Amended Credit Agreement amends and restates that certain Credit Agreement, dated as of May 9, 2016 (as amended from time to time prior to the execution and delivery of the Amended Credit Agreement, the "Existing Credit Agreement"), among Sherwin-Williams, CUSA, as administrative agent and issuing bank, and the lenders party thereto. The primary purpose of the Amended Credit Agreement is to extend the maturity of $75,000,000 of the commitments available for borrowing and issuing letters of credit under the Existing Credit Agreement from December 20, 2025 to December 20, 2030.
The Amended Credit Agreement contains representations, warranties and covenants substantially the same as those contained in the Existing Credit Agreement. The Amended Credit Agreement contains events of default substantially the same as those contained in the Existing Credit Agreement, including events of default relating to nonpayment, breaches of representations and warranties, noncompliance with covenants and bankruptcy related events.
Certain of the lenders, as well as certain of their respective affiliates, have performed and may in the future perform for Sherwin-Williams and its subsidiaries, various commercial banking, investment banking, lending, underwriting, trust services, financial advisory and other financial services, for which they have received and may in the future receive customary fees and expenses.
The foregoing description of the Amended Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Credit Agreement, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-Kand is incorporated herein by reference.
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Item 2.03. |
Creation of a Direct Financial Obligation or an Obligation under an Off-BalanceSheet Arrangement of a Registrant. |
The information described in Item 1.01 above relating to the Amended Credit Agreement is incorporated herein by reference into this Item 2.03.