Sherwin-Williams Adds $75 Million Of Credit Commitments Maturing In December 2031
The paint maker's amended revolving credit agreement now steps down from $950 million to $75 million across six maturity dates.
Sherwin-Williams, the paint and coatings maker, added $75 million of new borrowing and letter-of-credit commitments to its bank facility, according to an 8-K 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.
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.
Sources
- 8-K Filing — SHERWIN WILLIAMS CO (SHW) — SEC EDGAR
- Exhibit d125231dex41.htm — SHERWIN WILLIAMS CO 8-K exhibit — SEC EDGAR
