---
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"
generated_at: "2026-06-17T01:01:48.371012+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PPG enters €500M term loan credit facility due April 2026 at Eurocurrency + 0.79%

## Summary
- €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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079879-23-000020
- JSON: https://secwatch.observer/filing/0000079879-23-000020.json
- Plain text: https://secwatch.observer/filing/0000079879-23-000020.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/79879/000007987923000020/0000079879-23-000020-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/79879/000007987923000020/0000079879-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.