RPM extends revolving credit facility to 2031, eliminates interest coverage covenant

RPM INTERNATIONAL INC/DE/

Term extended by five years to February 27, 2031.
Initial applicable spread for term SOFR loans set at 1.00% per annum, adjustable based on debt rating.
Interest coverage ratio financial covenant eliminated; leverage ratio covenant remains at 3.75 to 1.0.
Facility fee initially 0.125% per annum, with possible range of 0.09% to 0.20%.
Customary covenants and events of default apply, including change of control provision.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RPM INTERNATIONAL INC/DE/ amended Seventh Amendment to Credit Agreement with the lenders named therein and PNC Bank, National Association, as administrative agent (effective 2026-02-27).

Action: amendment
Agreement: credit facility
Counterparty: the lenders named therein and PNC Bank, National Association, as administrative agent
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, RPM International Inc. (the “Company”) and certain of its subsidiaries amended the Company’s revolving credit facility by entering into a Seventh Amendment to Credit Agreement (the “Credit Agreement Amendment”) with the lenders named therein (the “Revolving Credit Facility Lenders”) and PNC Bank, National Association, as administrative agent for the Revolving Credit Facility Lenders, which amends the Credit Agreement dated as of October 31, 2018 (as amended, the “Credit Agreement”).

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RPM INTERNATIONAL INC/DE/ filing history →

Source: SEC EDGAR

accession 0001193125-26-094139

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