Sherwin-Williams signs $750 million 364-day term loan agreement
SHW•Sherwin-Williams entered a $750 million senior unsecured term loan agreement on Sept. 24, 2026, maturing Sept. 23, 2027. The loan will refinance an existing facility and support general corporate purposes, including working capital.
1. Loan terms
The new agreement includes a financial covenant capping the consolidated leverage ratio at 3.75x, with a temporary increase to 4.25x for four quarters after a qualifying acquisition. Sherwin-Williams repaid and terminated its prior 364-day delayed-draw term loan agreement, dated Aug. 8, 2025, effective Sept. 24, 2026.
