RPM International Inc. and certain subsidiaries amended the company’s revolving credit facility on Feb. 27, 2026, entering into a Seventh Amendment to its credit agreement with lenders led by PNC Bank, National Association as administrative agent. The amendment extends the facility’s maturity by five years to Feb. 27, 2031, updates interest rate options tied to base rate or SOFR (and foreign currency benchmarks) with rating-based spreads, and sets an initial facility fee of 0.125% per year. It also removes the interest coverage ratio covenant while retaining a maximum leverage ratio of 3.75 to 1.0.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RPM International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-094139), on March 05, 2026, and is solely responsible for the information contained therein.