Sherwin Williams Co.

10/01/2025 | Press release | Distributed by Public on 10/01/2025 14:25

Financial Obligation (Form 8-K)

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
As previously disclosed, on August 8, 2025, The Sherwin-Williams Company (the "Company") and Sherwin-Williams Luxembourg S.à r.l. ("SW Luxembourg") entered into a 364-day senior unsecured delayed draw Term Loan Credit Agreement (the "DDTL Credit Agreement") with the lenders party thereto and Citibank, N.A., as administrative agent. The DDTL Credit Agreement provided for (i) a $750 million US dollar-denominated senior unsecured delayed draw term loan tranche (the "USD DDTL Tranche") with the Company, as borrower, and (ii) a €250 million Euro-denominated senior unsecured delayed draw term loan tranche (the "EUR DDTL Tranche") with SW Luxembourg, as borrower.
On September 25, 2025, the Company borrowed $750 million under the USD DDTL Tranche and SW Luxembourg borrowed €250 million under the EUR DDTL Tranche to fund a portion of the Transaction (as defined below).
Item 8.01. Other Events.
On October 1, 2025, Sherwin-Williams do Brasil Indústria e Comércio Ltda. (the "Purchaser"), a wholly owned subsidiary of the Company, consummated the previously announced transaction with BASF SE, acquiring Suvinil Coatings S.A. (formerly known as BASF Coatings S.A., the "Target Company"), BASF's Brazilian architectural paints business, including the Suvinil and Glasu! brands, pursuant to an agreement, dated February 15, 2025 (the "Purchase Agreement"), among BASF S.A., a wholly owned subsidiary of BASF SE, the Purchaser, and the Target Company. Pursuant to the Purchase Agreement, on the terms and subject to the conditions set forth therein, the Purchaser acquired all of the issued and outstanding equity interests in the Target Company (the "Transaction") for a purchase price of $1.15 billion, subject to customary working capital and post-closing adjustments.
Sherwin Williams Co. published this content on October 01, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 01, 2025 at 20:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]