SHW 8-K: Smart Summary
88% reductionOn June 9, 2026, The Sherwin-Williams Company entered into Amendment No. 11 to its Amended and Restated Credit Agreement with Goldman Sachs Bank USA as administrative agent, Goldman Sachs Mortgage Company as issuing bank, and the lenders party thereto, primarily to extend the maturity of $200,000,000 of commitments from June 20, 2026 to June 20, 2031.
Item 1.01: Entry into a Material Definitive Agreement
Agreements
- Amendment No. 11 to Amended and Restated Credit Agreement — The Sherwin-Williams Company, Goldman Sachs Bank USA (administrative agent), Goldman Sachs Mortgage Company (issuing bank), and lenders party thereto; effective June 9, 2026; amends the Amended and Restated Credit Agreement originally dated August 2, 2021 (previously amended by Amendments No. 1–10); primary purpose is to extend the maturity of $200,000,000 of commitments available for borrowing and issuing letters of credit from June 20, 2026 to June 20, 2031; total commitments under the Credit Agreement are $625,000,000 held by Goldman Sachs Bank USA; governed by the laws of the State of New York
Conditions
- Executed Counterpart Signatures — Administrative Agent must have received duly executed counterpart signature pages from the Company, the Administrative Agent, the Lenders, and the Issuing Bank, or written evidence reasonably satisfactory to the Administrative Agent of execution
- Thirteenth Amended and Restated Letter Agreement — Administrative Agent must have received one or more counterparts of the Thirteenth Amended and Restated Letter Agreement, dated as of June 9, 2026, duly executed by the Company and GSMC
- Representations and Warranties — Representations and warranties set forth in Section 4 of the Amendment must be true and correct in all respects, and no Default or Event of Default shall have occurred and be continuing
Financial Impact
- Total Commitments — $625,000,000 held by Goldman Sachs Bank USA as of the Amendment No. 11 Effective Date
- Commitment Maturity — $225,000,000 — Scheduled reduction takes effect December 20, 2026
- Commitment Maturity — $125,000,000 — Scheduled reduction takes effect December 20, 2027
- Commitment Maturity — $75,000,000 — Scheduled reduction takes effect June 20, 2030
- Commitment Maturity — $200,000,000 — Extended from June 20, 2026 to June 20, 2031; scheduled reduction takes effect June 20, 2031
- Lender Fees — Certain lenders and their affiliates have received and may in the future receive customary fees and expenses for commercial banking, investment banking, lending, underwriting, trust services, financial advisory, and other financial services
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