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# Sherwin-Williams Adds $75 Million Of Credit Commitments Maturing In December 2031
- URL: https://www.bullished.co/sherwin-williams-adds-75-million-of-credit-commitments-maturing-in-december-2031-b66aa22c/
- Published: 2026-11-02T19:50:56.000Z
- Updated: 2026-11-02T19:50:56.000Z
- Description: The paint maker's amended revolving credit agreement now steps down from $950 million to $75 million across six maturity dates.
- Author: Matteo Parrino
- Tags: SEC Filings, SHW, Industry: Materials

[Sherwin-Williams](https://www.bullished.co/tag/shw/), the paint and coatings maker, added [$75 million](https://www.sec.gov/Archives/edgar/data/0000089800/000119312526443395/d125231d8k.htm?ref=bullished.co) of new borrowing and letter-of-credit commitments to its bank facility, according to an [8-K](https://www.bullished.co/learn/8-k-items-explained/) filed Monday. The new money matures December 20, 2031, the longest-dated piece of the facility.

## Six tranches, one stepping-down line

The company signed Amendment No. 2 to its credit agreement dated November 17, 2025, with Citicorp USA as administrative agent and issuing bank. The agreement had already been amended once, on February 9, 2026, according to the [amendment text](https://www.sec.gov/Archives/edgar/data/0000089800/000119312526443395/d125231dex41.htm?ref=bullished.co).

Commitments now sit in six maturity tranches:

- $150 million due June 20, 2027.
- $250 million due December 20, 2027.
- $125 million due June 20, 2028.
- $75 million due December 20, 2029.
- $275 million due December 20, 2030.
- $75 million due December 20, 2031, the newly added piece.

The revised schedule shows Citibank's commitment at $950 million through June 20, 2027\. It then steps down to $800 million, $550 million, $425 million and $350 million, and finally to $75 million for the period ending December 20, 2031.

## A paint maker with 4,853 stores

Sherwin-Williams develops, makes and sells paint, coatings and related products to professional, industrial, commercial and retail customers. Its Paint Stores Group ran 4,853 company-operated stores as of December 31, 2025, and it also has Consumer Brands and Performance Coatings segments. At year-end 2025 it employed 64,249 people.

The new commitments can be used for borrowing or for letters of credit, the company said. Certain lenders and their affiliates have provided Sherwin-Williams with banking and advisory services, for which they received customary fees.

## Shares up about 6% Monday

SHW shares traded at $351.54 in Monday trading, up about 6% from the prior close of $332.61\. Nothing in the filing ties the move to the amendment.

Citibank, N.A. is the lender listed on the revised commitment schedule, with its commitment shrinking in stages to $75 million for the final period ending December 20, 2031.

Learn

- [Item 1.01: entry into a material agreement →](https://www.bullished.co/learn/8-k-items-explained/#item-101-entry-into-a-material-agreement)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — SHERWIN WILLIAMS CO (SHW)](https://www.sec.gov/Archives/edgar/data/0000089800/000119312526443395/d125231d8k.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit d125231dex41.htm — SHERWIN WILLIAMS CO 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000089800/000119312526443395/d125231dex41.htm?ref=bullished.co) — SEC EDGAR

### More on Sherwin-Williams

- [Sherwin-Williams Has $3.85 Billion Of Borrowings Due Within A Year After $2.36 Billion In Buybacks](https://www.bullished.co/sherwin-williams-has-3-85-billion-of-borrowings-due-within-a-year-after-2-36-billion-in-3cde15bd/)
- [Sherwin-Williams CEO Says Profit Conversion Fell 'Below Our Standards' As 2027 Savings Target Hits $75 Million](https://www.bullished.co/sherwin-williams-ceo-says-profit-conversion-fell-below-our-standards-as-2027-savings-700dbeec/)
- [Sherwin-Williams Sales Climb 7.9% To $6.86 Billion, But Net Income Slips 1.5% On Costs](https://www.bullished.co/sherwin-williams-sales-climb-7-9-to-6-86-billion-but-net-income-slips-1-5-on-costs-41031cd4/)

[All Sherwin-Williams (SHW) coverage →](https://www.bullished.co/tag/shw/)