Sherwin-Williams Secures New $2.5 Billion Credit Facility

The latest announcement is out from Sherwin-Williams Company (SHW).

On July 31, 2024, Sherwin-Williams and its affiliates secured a new five-year $2.5 billion credit facility, with options to increase funds and issue letters of credit. This facility, maturing in 2029 with possible extensions, allows for general corporate use and has similar terms to the previous agreement. It includes a leverage covenant, with provisions to adjust the ratio following significant acquisitions. The agreement also accounts for various financial services provided by the lenders to Sherwin-Williams, for which customary fees apply.

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