secwatch.observer — SEC 8-K summary
======================================

Issuer:     RPM INTERNATIONAL INC/DE/ (RPM)
CIK:        0000110621
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001193125-26-094139
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110621/000119312526094139/0001193125-26-094139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110621/000119312526094139/d105747d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-094139

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer