- $750 million USD term loan entered September 24, 2026.
- Matures September 23, 2027.
- €100 million EUR term loan for SW Luxembourg, same maturity with possible extensions.
- Existing delayed draw term loan terminated.
- Leverage covenant: 3.75x, 4.25x after qualifying acquisition for four quarters.
- Sherwin-Williams refinanced its existing 364-day term loan with a new $750 million USD senior unsecured term loan and a €100 million EUR term loan for its Luxembourg subsidiary. The old loan was terminated. The new loans mature on September 23, 2027. The USD loan includes a leverage covenant of 3.75x, which can be temporarily increased to 4.25x for four quarters after a qualifying acquisition.
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