debt
confidence high
sentiment neutral
materiality 0.50
Sherwin-Williams redeems $122.9M in debentures, including 7.375% notes due 2027 and 7.45% due 2097
SHERWIN WILLIAMS CO
- Exercises optional redemption for $119.4M of 7.375% debentures due 2027 and $3.5M of 7.45% debentures due 2097.
- Redemption date fixed for December 6, 2023; price based on treasury rate plus 10 bps (7.375%) or 15 bps (7.45%).
- Accrued interest from August 1, 2023 to redemption date will be paid in addition to principal.