debt
confidence high
sentiment neutral
materiality 0.45
RPM increases A/R securitization facility to $300M, extends to April 2028
RPM INTERNATIONAL INC/DE/
- Facility size raised from $250M to $300M via Amendment No. 10.
- Termination date extended to April 30, 2028.
- Includes interest coverage ratio test if RPM loses investment-grade rating.
- Amendment involves RPM, SPE, PNC Bank as administrative agent.
- Customary fees paid to administrative agent for the financing.