Summary
This 8-K filing from The Sherwin-Williams Company (SHW), dated February 27, 2012, announces a material amendment to its existing Five Year Credit Agreement. Specifically, Amendment No. 3, entered into on February 27, 2012, increases the aggregate availability for borrowing and letter of credit issuance by $200 million, bringing the total available credit to $500 million. This enhancement to its credit facility provides the company with increased financial flexibility and liquidity.
Key Highlights
- 1Sherwin-Williams amended its Five Year Credit Agreement on February 27, 2012.
- 2The amendment, designated as Amendment No. 3, increased the total credit availability by $200 million.
- 3The aggregate availability under the credit facility is now $500 million.
- 4This increase supports both borrowing and letter of credit issuance.
- 5As of the filing date, no borrowings had been made under the amended credit agreement.
- 6The amendment was made with Citicorp USA, Inc. as the administrative agent and issuing bank.
- 7The company has existing relationships with lenders for various financial services.