Daily News: September 12, 2017

Goldman Sachs Provides $250MM Sherwin-Williams Revolver


The Sherwin-Williams Company entered into a credit agreement with Goldman Sachs as administrative agent and Goldman Sachs Mortgage as issuing bank, and a continuing agreement for standby letters of credit with Goldman.

Under the credit agreement, Sherwin-Williams has the right to borrow and to obtain the issuance, renewal, extension and increase of a revolving letter of credit up to an aggregate availability of $250 million. The security letter of credit will serve as security for any letters of credit that may be issued under the LC agreement. Under the LC agreement, Sherwin-Williams may request Goldman to issue letters of credit up to the aggregate maximum amount of the security letter of credit.