Current Report · Items 1.01, 1.02, 2.03, 8.01, 9.01 · 8-K
SHERWIN WILLIAMS CO
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other Events
Item 1.01. Entry into a Material Definitive Agreement. On September 24, 2026, The Sherwin-Williams Company (“Sherwin-Williams”) entered into a new 364-day senior unsecured Term Loan Credit Agreement (the “New Credit Agreement”) with the lenders party thereto and Citibank, N.A., as administrative agent (the “Administrative Agent”).…
Filed Sep 29, 2026Accepted Sep 29, 2026, 7:05 AM EDTCIK 89800Accession 0001193125-26-405960
Company context
Current securities
Registered securities in this filing
SHERWIN WILLIAMS CO · 8-K · Filed 2026-09-29
As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.
Common Stock, par value $0.33-1/3 per share
- Exchange
- NYSE
- Classification
- COMMON
- Status
- Current
Filing context
Context: duration_2026-09-24_to_2026-09-24
Dimensions: Not supplied
Accession 000119312526405960 · 1 registered-security cover member
Read the exact SEC filing ↗Disclosure sections
Items 1.01, 1.02, 2.03, 8.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On September 24, 2026, The Sherwin-Williams Company (“Sherwin-Williams”) entered into a new 364-day senior unsecured Term Loan Credit Agreement (the “New Credit Agreement”) with the lenders party thereto and Citibank, N.A., as administrative agent (the “Administrative Agent”). In connection with entering into the New Credit Agreement, Sherwin-Williams repaid and terminated its existing 364-day senior unsecured delayed draw Term Loan Credit Agreement, dated as of August 8, 2025 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”), among Sherwin-Williams and Sherwin-Williams Luxembourg S.à r.l. (“SW Luxembourg”), as borrowers, the lenders party thereto and Citibank, N.A., as administrative agent.
The New Credit Agreement provides for a $750 million US dollar-denominated senior unsecured term loan that will mature on September 23, 2027. Extensions of credit under the New Credit Agreement may be used to refinance the Existing Credit Agreement and for general corporate purposes, including to finance working capital requirements.
The New Credit Agreement contains representations, warranties, covenants and events of default substantially the same as those contained in the Existing Credit Agreement. The New Credit Agreement contains customary events of default, including, but not limited to, payment defaults, breaches of representations and warranties, noncompliance with covenants and bankruptcy related events. If certain of these or other events of default occur, the Administrative Agent may decide to, or lenders with a majority of the outstanding term loans may require the Administrative Agent to, among other things, accelerate amounts due under the New Credit Agreement. The New Credit Agreement also contains a financial covenant that provides that Sherwin-Williams’ consolidated leverage ratio (the ratio of total funded indebtedness to EBITDA (as defined in the New Credit Agreement)) may not exceed 3.75 to 1.00 as of the last day of any fiscal quarter; provided, however, upon the consummation of a Qualifying Acquisition (as defined in the New Credit Agreement), Sherwin-Williams may elect to temporarily increase the consolidated leverage ratio to 4.25 to 1.00 for a period of four consecutive fiscal quarters immediately following the consummation of such Qualifying Acquisition, subject to certain customary conditions.
Certain of the lenders, as well as certain of their respective affiliates, have performed and may in the future perform various commercial banking, investment banking, lending, underwriting, trust services, financial advisory and other financial services for Sherwin-Williams and its subsidiaries, for which the lenders and affiliates have received and may in the future receive customary fees and expenses.
The foregoing description of the New Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the New Credit Agreement, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 1.02Item 1.02 - Termination of Material Agreement
Item 1.02. Termination of a Material Definitive Agreement.
Effective September 24, 2026, the Existing Credit Agreement was repaid and terminated in connection with Sherwin-Williams’ borrowing under the New Credit Agreement and the EUR Term Loan Agreement (as defined below). The information provided in Item 1.01 above relating to the Existing Credit Agreement is incorporated by reference into this Item 1.02. A summary of the material terms of the Existing Credit Agreement is included in the Current Report on Form 8-K filed by Sherwin-Williams on August 12, 2025, which summary is incorporated herein by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 above relating to the New Credit Agreement is incorporated by reference into this Item 2.03.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
On September 24, 2026, SW Luxembourg entered into a new EUR 100,000,000 Term Loan Agreement (the “EUR Term Loan Agreement”) with ING Bank N.V. (“ING Bank”), acting through its Dublin branch, ING Bank N.V. Dublin Branch. The EUR Term Loan Agreement provides for a €100 million EUR-denominated term loan to SW Luxembourg that will mature
on September 23, 2027, which maturity date may be extended at the election of SW Luxembourg by up to two additional six-month periods. The EUR Term Loan Agreement may be used to refinance the Existing Credit Agreement and for general corporate purposes. Sherwin-Williams guarantees the obligations of SW Luxembourg under the EUR Term Loan Agreement pursuant to a guaranty agreement in favor of ING Bank.
Filed exhibits (1)
EX-4.1 (by filename) d147868dex41.htmExhibit 4.1
Execution Version
TERM LOAN CREDIT AGREEMENT
dated as of
September 24, 2026
among
THE
SHERWIN-WILLIAMS COMPANY,
as Borrower,
CITIBANK, N.A.,
as
Administrative Agent,
The Lenders Party Hereto,
U.S. BANK NATIONAL ASSOCIATION,
as Syndication Agent,
PNC BANK, NATIONAL ASSOCIATION,
BANK OF AMERICA, N.A.,
JPMORGAN CHASE BANK, N.A.,
WELLS FARGO BANK, NATIONAL ASSOCIATION,
and
THE HUNTINGTON
NATIONAL BANK,
as Co-Documentation Agents,
and
CITIBANK, N.A.,
U.S. BANK NATIONAL ASSOCIATION,
PNC CAPITAL MARKETS LLC,
BOFA SECURITIES, INC.,
JPMORGAN CHASE BANK, N.A.,
WELLS FARGO SECURITIES, LLC,
and
THE HUNTINGTON
NATIONAL BANK,
as Joint Lead Arrangers and Joint Bookrunners
TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS 1
Section 1.01 Defined Terms 1
Section 1.02 Classification of Loans and Borrowings …
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