RPM INTERNATIONAL INC/DE/ (RPM) Form 8-K — Jun 2, 2026
RPM International Inc. amended its $300 million accounts receivable securitization facility to remove the credit spread adjustment for SOFR-based extensions and eliminate the interest coverage ratio financial covenant. The amendments introduce a leverage ratio covenant (max 3.75x) applicable only if the company loses investment-grade ratings from two specified agencies, and increase amortization event thresholds from $150 million to $250 million. Separately, Timothy R.
Key figures
- Debt Amount
- 300000000
- Leverage ratio covenant threshold
- 3.75 to 1.0
- Originator amortization threshold
- 50000000
- Judgment based amortization threshold
- 250000000
- Material indebtedness amortization threshold
- 250000000
Price after filing
Close on the filing date to close N calendar days later (from $105.12). Historical, not a forecast.
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