RPM · RPM International Inc.

Summary

RPM International Inc. amended its revolving credit facility via the Seventh Amendment to Credit Agreement on February 27, 2026, extending the term five years to February 27, 2031, with interest rates tied to the Company's debt rating starting at base rate plus 0.0% and SOFR/RFR/Eurocurrency plus 1.00%, and a leverage ratio covenant not exceeding 3.75 to 1.0.

Key takeaways

• Amendment executed February 27, 2026 with PNC Bank as administrative agent and Revolving Credit Facility Lenders
• Credit Agreement term extended five years to February 27, 2031
• Initial spreads: base rate loans 0.0% (0.0%-0.30% range), SOFR/RFR/Eurocurrency loans 1.00% (0.785%-1.30% range)
• Facility fee initial 0.125% per annum (0.09%-0.20% range)
• Leverage ratio covenant ≤ 3.75:1.0 (total indebtedness less unencumbered cash to EBITDA)
• Eliminated interest coverage ratio covenant