Sherwin-Williams swaps 364-day term loan for new $750M facility, adds €100M ING loan

SHERWIN WILLIAMS CO

New 364-day senior unsecured term loan of $750M with Citibank, N.A. as administrative agent matures September 23, 2027.
The prior 364-day delayed-draw credit agreement dated August 8, 2025 was repaid and terminated effective September 24, 2026.
Luxembourg subsidiary SW Luxembourg borrowed €100M from ING Bank N.V. Dublin Branch, maturing September 23, 2027, extendable by up to two additional six-month periods; Sherwin-Williams guarantees it.
Proceeds refinance the terminated facility and fund general corporate purposes, including working capital.
Leverage covenant caps consolidated funded debt/EBITDA at 3.75x, with a temporary 4.25x step-up for four quarters after a Qualifying Acquisition.

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