secwatch.observer — SEC 8-K summary
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Issuer:     PPG INDUSTRIES INC (PPG)
CIK:        0000079879
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0000079879-23-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.10
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PPG amends credit agreements to replace LIBOR with Term SOFR
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- Amendment No. 1 to Five Year Credit Agreement and Term Loan Credit Agreement executed March 23, 2023.
- LIBOR-based reference rate replaced with Term SOFR; all other material terms unchanged.
- Amendments applicable to $2.2B revolving credit facility and $2.0B term loan facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79879/000007987923000014/0000079879-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79879/000007987923000014/ppg-20230323.htm
  HTML page:      https://secwatch.observer/filing/0000079879-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer