Sherwin-Williams has added $75 million to its bank credit facility, increasing total commitments to $950 million. The new borrowing and letter-of-credit capacity runs through Dec. 20, 2031; the amendment took effect Nov. 2, 2026.
The added commitment is available funding, not a report of a $75 million borrowing. The agreement also has commitments that mature on different dates, so the 2031 date applies only to the new tranche.
Key details
- The additional $75 million can be used for loans or letters of credit under the existing credit agreement.
- After the amendment, the facility’s commitments are divided among six maturity groups:
- $150 million due June 20, 2027
- $250 million due Dec. 20, 2027
- $125 million due June 20, 2028
- $75 million due Dec. 20, 2029
- $275 million due Dec. 20, 2030
- $75 million due Dec. 20, 2031
- The $950 million total is the sum of those commitments. The amendment adds the 2031 tranche; it does not state that the other maturity dates changed.
- Citicorp USA is the facility’s administrative agent and issuing bank. The company also noted that some lenders and their affiliates provide it with other financial services and may receive customary fees for that work.
Plain-English implications
Sherwin-Williams has increased its committed access to financing, including capacity to support letters of credit. The additional commitment extends to 2031, while the rest of the facility remains staggered across earlier maturity dates. The announcement describes available credit, not funds already borrowed.