secwatch.observer — SEC 8-K summary
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Issuer:     SHERWIN WILLIAMS CO (SHW)
CIK:        0000089800
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0001193125-22-234614
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sherwin-Williams enters new $2.25B five-year credit facility, replaces existing agreement
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- $2.25 billion credit agreement matures August 30, 2027; can be increased by up to $750 million.
- Facility includes $250 million letter of credit sublimit and two one-year extension options.
- Replaces existing credit agreement terminated August 30, 2022 with no outstanding borrowings.
- Consolidated leverage ratio covenant: max 3.75x (4.25x after qualifying acquisition for four quarters).
- Proceeds for general corporate purposes and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89800/000119312522234614/0001193125-22-234614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89800/000119312522234614/d374384d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-234614

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