debt
confidence high
sentiment neutral
materiality 0.50
RPM International issues $300M of 2.950% Notes due 2032
RPM INTERNATIONAL INC/DE/
- Issued $300M aggregate principal of 2.950% notes maturing January 15, 2032.
- Interest payable semiannually on January 15 and July 15, first payment July 15, 2022.
- Underwriting agreement with BofA Securities and Goldman Sachs as representatives.
- Events of default include 30-day interest payment failure, cross-default on debt >$50M/10% equity.
- Notes governed by Indenture dated April 8, 2014 with Computershare Trust Company, N.A.