---
schema_version: "secwatch.filing_event.v1"
accession: "0001616862-23-000085"
form_type: "8-K"
ticker: "AXTA"
cik: "0001616862"
company_name: "Axalta Coating Systems Ltd."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:05:50.829316+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Axalta issues $500M 7.250% senior notes due 2031, redeems €450M 2025 notes

## Summary
- $500M aggregate principal of 7.250% Senior Notes due 2031 issued by subsidiary Dutch Holding B B.V.
- Net proceeds plus cash on hand used to redeem €450M of 3.750% Senior Notes due 2025 at par plus accrued interest.
- Cross-currency swaps convert entire $500M note proceeds into ~€467M at ~5.62% fixed rate, maturing Nov 2026.
- Notes are senior unsecured, guaranteed by Axalta and certain subsidiaries; rank equally with existing senior debt.
- Restrictive covenants limit additional debt, dividends, asset sales; investment grade rating would suspend most covenants.

## SEC filing metadata
- accession: 0001616862-23-000085
- form_type: 8-K
- ticker: AXTA
- cik: 0001616862
- company_name: Axalta Coating Systems Ltd.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000085/0001616862-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000085/axta-20231117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616862-23-000085
- JSON: https://secwatch.observer/filing/0001616862-23-000085.json
- Plain text: https://secwatch.observer/filing/0001616862-23-000085.txt

## Key facts
- Debt Financings
  Axalta Coating Systems Ltd. incurred senior notes of $500.0 million at 7.250% maturing due 2031.
  - Instrument: senior notes
  - Principal: $500.0 million
  - Rate: 7.250%
  - Maturity: due 2031
  - Event: incurrence
  source text: issued $500.0 million in aggregate principal amount of 7.250% Senior Notes due 2031 (the "Notes")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000085/0001616862-23-000085-index.htm

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