debt
confidence high
sentiment neutral
materiality 0.20
RPM International extends $250M AR securitization facility to May 2025
RPM INTERNATIONAL INC/DE/
- Amended its existing $250M accounts receivable securitization facility on May 20, 2024.
- Facility termination date extended to May 19, 2025; other terms remain substantially unchanged.
- Customary covenants retained, including interest coverage ratio test if below investment grade.
- Customary fees paid to the administrative agent for the amendment.