Sherwin-Williams enters new $2.5B revolving credit facility maturing 2029

SHERWIN WILLIAMS CO

New $2.5B senior unsecured revolving credit facility, matures July 31, 2029.
Includes $750M uncommitted increase option and $250M letter of credit subfacility.
Financial covenant: leverage ratio ≤3.75x, may increase to 4.25x for four quarters after qualifying acquisitions.
Prior $2.5B credit agreement terminated concurrently; no borrowings outstanding.
Proceeds for general corporate purposes including working capital.

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