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$750 Million Debt Refinancing Extends Sherwin-Williams' Maturity Profile
Sherwin-Williams (SHW) has refinanced its debt by entering into a new $750 million Term Loan Credit Agreement, replacing its existing delayed draw credit agreement dated August 8, 2025. The new facility will mature on September 23, 2027.
The proceeds from the new loan can be used to refinance the existing credit agreement and for general corporate purposes, including financing working capital requirements.
The new credit agreement was arranged with lenders party thereto and Citibank, N.A., serving as administrative agent. It contains customary events of default such as payment defaults, breaches of representations and warranties, noncompliance with covenants, and bankruptcy-related events.