Sherwin-Williams Adds $75M Credit Commitment Maturing December 2031
SHERWIN WILLIAMS CO
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Filing Summary
Sherwin-Williams (NYSE: SHW) Amends Credit Facility
• Event: Entered into Amendment No. 2 to Amended & Restated Credit Agreement • Counterparty: Citicorp USA, Inc. (as Administrative Agent and Issuing Bank) & Citibank, N.A. • Additional Commitment: $75,000,000 • Maturity Date: December 20, 2031 • Significance: Routine liquidity management and debt maturity extension.
Comprehensive Analysis
Overview
On November 2, 2026, The Sherwin-Williams Company entered into Amendment No. 2 to its Amended and Restated Credit Agreement with Citicorp USA, Inc. (as administrative agent and issuing bank) and Citibank, N.A. as lender.
Key Terms & Details
- Primary Purpose: Adds an incremental $75,000,000 commitment available for borrowing and issuing letters of credit.
- Maturity Profile: The new commitment extends maturity to December 20, 2031.
- Existing Facility Schedule:
- Through June 20, 2027: $950,000,000
- June 21, 2027 – December 20, 2027: $800,000,000
- December 21, 2027 – June 20, 2028: $550,000,000
- June 21, 2028 – December 20, 2029: $425,000,000
- December 21, 2029 – December 20, 2030: $350,000,000
- December 21, 2030 – December 20, 2031: $75,000,000
- Governing Law: State of New York.
Market & Strategic Impact
- Trading Significance: Low. The amendment represents standard, incremental liquidity and maturity management for a company of Sherwin-Williams' scale, maintaining staggered maturity schedules across its bank credit facilities.
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