---
schema_version: "secwatch.filing_event.v1"
accession: "0001616862-23-000057"
form_type: "8-K"
ticker: "AXTA"
cik: "0001616862"
company_name: "Axalta Coating Systems Ltd."
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T06:55:56.471468+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Axalta cuts term loan interest rate spread by 50 bps to 2.50%

## Summary
- Thirteenth Amendment to Credit Agreement executed August 18, 2023.
- Interest rate spread on term loan reduced from 3.00% to 2.50% over SOFR.
- Outstanding principal amount and maturity date of term loan unchanged.
- Barclays Bank PLC remains administrative and collateral agent.

## SEC filing metadata
- accession: 0001616862-23-000057
- form_type: 8-K
- ticker: AXTA
- cik: 0001616862
- company_name: Axalta Coating Systems Ltd.
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000057/0001616862-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000057/axta-20230818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616862-23-000057
- JSON: https://secwatch.observer/filing/0001616862-23-000057.json
- Plain text: https://secwatch.observer/filing/0001616862-23-000057.txt

## Key facts
- Material Agreements
  Axalta Coating Systems Ltd. amended Thirteenth Amendment to Credit Agreement with Barclays Bank PLC, as administrative agent and collateral agent (effective 2023-08-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Barclays Bank PLC, as administrative agent and collateral agent
  - Effective: 2023-08-18
  source text: On August 18, 2023, Axalta Coating Systems Ltd. (the “Company”), Axalta Coating Systems Dutch Holding B B.V. and Axalta Coating Systems U.S. Holdings, Inc. (together, the “Borrowers”), Axalta Coating Systems U.S., Inc., certain subsidiaries of the Company party thereto as guarantors, certain lenders party thereto and Barclays Bank PLC, as administrative agent and collateral agent, entered into the Thirteenth Amendment to Credit Agreement (“Amendment No. 13”), which amended that certain Credit Agreement, dated as of February 1, 2013, among, among others, the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and Barclays Bank PLC, as administrative agent and collateral agent (as amended, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000057/0001616862-23-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.