secwatch.observer — SEC 8-K summary
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Issuer:     SHERWIN WILLIAMS CO (SHW)
CIK:        0000089800
Form:       8-K
Filed at:   2026-09-29T11:05:07+00:00
Accession:  0001193125-26-405960
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89800/000119312526405960/0001193125-26-405960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89800/000119312526405960/d147868d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-405960

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