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Sherwin-Williams (NYSE: SHW) extends $200M credit facility to 2031

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

The Sherwin-Williams Company entered into Amendment No. 11 to its Amended and Restated Credit Agreement with Goldman Sachs Bank USA, Goldman Sachs Mortgage Company and a syndicate of lenders. The amendment extends the maturity of $200,000,000 of commitments available for borrowing and issuing letters of credit from June 20, 2026 to June 20, 2031. These commitments are part of Sherwin-Williams’ existing credit facility first amended and restated on August 2, 2021.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Credit commitments extended $200,000,000 Portion of commitments under Amended and Restated Credit Agreement
Original maturity date June 20, 2026 Prior maturity for $200,000,000 of commitments
New maturity date June 20, 2031 Extended maturity for $200,000,000 of commitments
Amendment date June 9, 2026 Date Sherwin-Williams entered into Amendment No. 11
Exhibit reference Exhibit 4.1 Full text of Amendment No. 11 filed with report
Amendment No. 11 financial
"On June 9, 2026, The Sherwin-Williams Company entered into that certain Amendment No. 11 to the Amended and Restated Credit Agreement"
Amended and Restated Credit Agreement financial
"Amendment No. 11 amends that certain Amended and Restated Credit Agreement, dated as of August 2, 2021"
An amended and restated credit agreement is a company’s original loan contract that has been updated and replaced by a single new document incorporating all changes. Think of it like refinancing and rewriting a mortgage so new payment schedules, interest rates, borrowing limits, or borrower obligations are combined into one clear contract. Investors care because those new terms change a company’s cash flow, borrowing flexibility and default risk, which can affect creditworthiness and share value.
administrative agent financial
"with Goldman Sachs Bank USA, as administrative agent, Goldman Sachs Mortgage Company, as issuing bank"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
issuing bank financial
"Goldman Sachs Mortgage Company, as issuing bank, and the lenders party thereto"
letters of credit financial
"extend the maturity of $200,000,000 of the commitments available for borrowing and issuing letters of credit under the Credit Agreement"
A letter of credit is a promise from a bank to pay a seller if the buyer fails to do so, commonly used in trade and large contracts to ensure payment. Think of it as a bank standing in for the buyer, like a certified check or payment insurance that reduces the risk of nonpayment. For investors, letters of credit matter because they affect a company’s cash flow, borrowing needs and contingent liabilities, and signal how much credit support a business requires to secure deals.
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SHERWIN WILLIAMS CO false 0000089800 0000089800 2026-06-09 2026-06-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 9, 2026

THE SHERWIN-WILLIAMS COMPANY

(Exact name of registrant as specified in charter)

 

Ohio   1-04851   34-0526850

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1 Sherwin Way

Cleveland, Ohio

  44113

(Address of principal

executive offices)

  (Zip Code)

(216) 566-2000

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.33-1/3 per share   SHW   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 1.01.

Entry into a Material Definitive Agreement.

On June 9, 2026, The Sherwin-Williams Company (“Sherwin-Williams”) entered into that certain Amendment No. 11 to the Amended and Restated Credit Agreement (“Amendment No. 11”) with Goldman Sachs Bank USA (“Goldman”), as administrative agent, Goldman Sachs Mortgage Company (“GSMC”), as issuing bank, and the lenders party thereto. Amendment No. 11 amends that certain Amended and Restated Credit Agreement, dated as of August 2, 2021 (as amended, the “Credit Agreement”), among Sherwin-Williams, Goldman, as administrative agent, GSMC, as issuing bank, and the lenders party thereto. The primary purpose of Amendment No. 11 is to extend the maturity of $200,000,000 of the commitments available for borrowing and issuing letters of credit under the Credit Agreement from June 20, 2026 to June 20, 2031.

Certain of the lenders, as well as certain of their respective affiliates, have performed and may in the future perform for Sherwin-Williams and its subsidiaries, various commercial banking, investment banking, lending, underwriting, trust services, financial advisory and other financial services, for which they have received and may in the future receive customary fees and expenses.

The foregoing description of Amendment No. 11 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 11, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 2.03.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information described in Item 1.01 above relating to Amendment No. 11 is incorporated herein by reference into this Item 2.03.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

 

 Exhibit 
No.
  

Exhibit Description

4.1    Amendment No. 11 to the Amended and Restated Credit Agreement, dated as of June 9, 2026, by and among The Sherwin-Williams Company, Goldman Sachs Bank USA, as administrative agent, Goldman Sachs Mortgage Company, as issuing bank, and the lenders party thereto
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    THE SHERWIN-WILLIAMS COMPANY
June 9, 2026     By:  

 /s/ Stephen J. Perisutti

    Name:    Stephen J. Perisutti
    Title:  

 Senior Vice President - Deputy General Counsel

 and Assistant Secretary

FAQ

What did Sherwin-Williams (SHW) disclose in this 8-K filing?

Sherwin-Williams disclosed it entered into Amendment No. 11 to its Amended and Restated Credit Agreement. The change specifically extends the maturity of a portion of its existing revolving credit commitments, maintaining access to bank financing and letters of credit under updated terms.

How much of Sherwin-Williams’ credit commitments are affected by Amendment No. 11?

Amendment No. 11 affects $200,000,000 of commitments available for borrowing and issuing letters of credit. These commitments form part of Sherwin-Williams’ broader Amended and Restated Credit Agreement with its banking syndicate, originally dated August 2, 2021.

How did Sherwin-Williams change the maturity date of its credit commitments?

Sherwin-Williams extended the maturity of $200,000,000 of its credit commitments from June 20, 2026 to June 20, 2031. This means that portion of the facility now has an additional five years before the commitments expire under the amended agreement.

Who are the main financial institutions involved in Sherwin-Williams’ amended credit agreement?

Goldman Sachs Bank USA serves as administrative agent and Goldman Sachs Mortgage Company as issuing bank under the amended credit agreement. Various lenders are also party to the facility, providing Sherwin-Williams with borrowing and letter of credit capacity.

Does Sherwin-Williams indicate other services provided by the lenders in this filing?

Sherwin-Williams notes that certain lenders and their affiliates have provided, and may provide, commercial banking, investment banking, lending, underwriting, trust, financial advisory and other financial services. For these services, they have received and may receive customary fees and expenses from the company.

Where can investors find the full text of Sherwin-Williams’ Amendment No. 11?

The full text of Amendment No. 11 is filed as Exhibit 4.1 to this report. The company states the brief description in the report is qualified in its entirety by reference to that exhibit, which is incorporated by reference.

Filing Exhibits & Attachments

4 documents