PPG amends credit agreements to replace LIBOR with Term SOFR

Also on March 23, 2023, the Company entered into Amendment No. 1 to its $2,000,000,000 Term Loan Credit Agreement (the “Term Loan Amendment” and, together with the Five Year Credit Agreement Amendment, the “Amendments”), dated as of February 19, 2021, among the Company, the lenders parties thereto, BNP Paribas, as administrative agent, PNC Bank, National Association, as syndication agent and BNP Paribas Securities Corp. and PNC Capital Markets LLC, as co-lead arrangers and co-bookrunners (as amended, the “Term Loan Credit Agreement” and, together with the Five Year Credit Agreement, the “Credit Agreements”).

On March 23, 2023, PPG Industries, Inc. (the “Company”) entered into Amendment No. 1 to its Amended and Restated Five Year Credit Agreement (the “Five Year Credit Agreement Amendment”), dated as of August 30, 2019, among the Company; the several banks and financial institutions party thereto; JPMorgan Chase Bank, N.A., as administrative agent; BNP Paribas, Citibank, N.A., MUFG Bank, Ltd. and PNC Bank, National Association, as co-syndication agents; and J.P. Morgan Chase Bank, N.A., BNP Paribas Securities Corp., Citibank, N.A., MUFG Bank, Ltd. and PNC Capital Markets LLC, as co-lead arrangers and co-bookrunners (as amended, the “Five Year Credit Agreement”).