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Form 8-K · Current Report · Filed 2024-11-18

Sherwin-Williams Extends Credit Agreement Maturity Date

On November 18, 2024, The Sherwin-Williams Company announced the execution of Amendment No.

Filer
Sherwin-Williams Co. SHW · NYSE
Filed
Accession
0001193125-24-260517
CIK
0000089800
Signal
Medium impactBasic Materials

Details

20 to its existing Credit Agreement with Citicorp USA, Inc. This amendment extends the maturity date of $75 million of the commitments available for borrowing and for the issuance, renewal, extension, and increase of a letter of credit from June 20, 2025, to December 20, 2029.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$378.99

Next session

-1.4%

Since filing

-10.1%

Latest close

$340.85

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SHW reporting the same item, with the next session's move:

Exhibits (1)

About Sherwin-Williams Co.

Sherwin-Williams Co. is a global leader in the production and distribution of paints and coatings. Established in 1866 and headquartered in Cleveland, Ohio, the company serves both professional and retail customers. Sherwin-Williams provides a comprehensive range of products, including interior and exterior paints, protective coatings, and industrial finishes, catering to various sectors such as construction, automotive, and aerospace industries. The company operates through its numerous retail stores, with a significant presence in North America, and extends its reach via third-party retailers and distributors worldwide. Its innovation-driven approach focuses on developing sustainable solutions and high-quality products to meet the diverse needs of its clientele. In the financial market, Sherwin-Williams Co. is recognized for its stability and influence in the materials sector, playing a pivotal role in advancing industry standards and technological advancements in paints and coatings. Its strategic initiatives and robust R&D capabilities underscore its commitment to growth and its impact on global construction and manufacturing applications.

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