Financing ·
Sherwin-Williams borrows $750 million in new senior unsecured term loan to repay existing facility
SHWSherwin Williams Co
On September 24, 2026, The Sherwin-Williams Company entered into a new $750 million senior unsecured term loan credit agreement maturing on September 23, 2027. This facility includes a financial covenant limiting the consolidated leverage ratio to 3.75 to 1.00, with a temporary increase to 4.25 to 1.00 permitted following qualifying acquisitions. Concurrently, Sherwin-Williams repaid and terminated its existing $750 million credit agreement dated August 8, 2025. Additionally, subsidiary SW Luxembourg entered into a €100 million EUR-denominated term loan agreement with ING Bank N.V., also maturing on September 23, 2027, which is guaranteed by Sherwin-Williams. The company operates in the manufacturing and distribution of paints, coatings, and related products.