{"schema_version":"secwatch.filing_event.v1","accession":"0000079879-23-000020","form_type":"8-K","ticker":"PPG","cik":"0000079879","company_name":"PPG INDUSTRIES INC","filed_at":"2023-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.260585+00:00","generated_at":"2026-06-17T01:01:48.371012+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PPG enters €500M term loan credit facility due April 2026 at Eurocurrency + 0.79%","bullets":["€500M term loan borrowed on April 12, 2023; margin of 0.79% over Eurocurrency Rate.","Matures April 10, 2026; proceeds for general corporate purposes including debt repayment.","Financial covenant: Total Indebtedness to Total Capitalization ≤ 60% (65% after large acquisitions).","Ability to increase facility by up to €250M subject to lender commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0000079879-23-000020","json":"https://secwatch.observer/filing/0000079879-23-000020.json","markdown":"https://secwatch.observer/filing/0000079879-23-000020.md","text":"https://secwatch.observer/filing/0000079879-23-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/79879/000007987923000020/0000079879-23-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/79879/000007987923000020/ppg-20230412.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:01:48.371012+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"942a316ee07f4174695abfa9a68bd759fa3a8cd6","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/79879/000007987923000020/0000079879-23-000020-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"€500,000,000"},{"label":"Counterparty","value":"Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent"},{"label":"Rate","value":"Eurocurrency Rate ... plus a margin of 0.79%"},{"label":"Maturity","value":"April 10, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"01702daa3448b309ba6fd23f01f9d84d8ad7875b","claim":"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).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/79879/000007987923000020/0000079879-23-000020-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent, and the banks, financial institutions and other institutional lenders party thereto"},{"label":"Value","value":"€500,000,000"},{"label":"Effective","value":"2023-04-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}