Sherwin-Williams calls all $400 million of 4.2% notes due 2022

By Marisa Wong

Los Angeles, Sept. 15 – Sherwin-Williams Co. will redeem the entire $385,909,000 outstanding amount of its 4.2% senior notes due 2022 on Oct. 15, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest to but excluding the redemption date.

Sherwin-Williams will also redeem all $14,091,000 of outstanding 4.2% notes due 2022 initially issued by Valspar Corp.

The Valspar notes will be redeemed on Oct. 15 at par plus accrued interest to but excluding the redemption date.

Wells Fargo Bank, NA is the trustee for the Sherwin-Williams notes, and U.S. Bank NA is trustee for the Valspar notes.

Sherwin-Williams is a Cleveland-based maker of paints and related products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.