Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PPG INDUSTRIES INC incurred term loan of €500,000,000 with Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent at Eurocurrency Rate ... plus a margin of 0.79% maturing April 10, 2026.
- Instrument
- term loan
- Principal
- €500,000,000
- Counterparty
- Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent
- Rate
- Eurocurrency Rate ... plus a margin of 0.79%
- Maturity
- April 10, 2026
- Event
- incurrence
Exact text from the filing
On April 12, 2023, PPG Industries, Inc. (the “Company”) entered into a €500,000,000 Term Loan Credit Agreement among the Company, the banks, financial institutions and other institutional lenders party thereto and Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent (the “Credit Agreement”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PPG INDUSTRIES INC entered into Credit Agreement with Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent, and the banks, financial institutions and other institutional lenders party thereto valued at €500,000,000 (effective 2023-04-12).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent, and the banks, financial institutions and other institutional lenders party thereto
- Value
- €500,000,000
- Effective
- 2023-04-12
Exact text from the filing
On April 12, 2023, PPG Industries, Inc. (the "Company") entered into a €500,000,000 Term Loan Credit Agreement among the Company, the banks, financial institutions and other institutional lenders party thereto and Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent (the "Credit Agreement").
View on SEC.gov