Sherwin-Williams enters USD 750 million loan, the group behind Sherwin-Williams stock
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Sherwin-Williams (ISIN US8243481051) entered a USD 750.0 million senior unsecured term loan agreement on September 29, 2026, while its Luxembourg unit entered a EUR 100.0 million term loan agreement, according to StockTitan. The borrowing follows repayment and termination of an existing 364-day facility on September 24, 2026, giving the coatings company additional financing capacity while its leverage covenant remains set at 3.75 to 1.00. Sherwin-Williams reported USD 6.79 billion in consolidated net sales for the second quarter of 2026, up 7.50 percent from the same period a year earlier. Net income reached USD 843.6 million, while diluted earnings per share rose 14.30 percent to USD 3.43, according to StockTitan . The adjusted figure was USD 3.70 per share, compared with the USD 3.52 consensus cited by MarketBeat. That USD 0.18 difference means the quarter delivered a quantified earnings cushion, although the new borrowing also adds financing commitments. Management raised fiscal 2026 adjusted earnings guidance to USD 11.80-12.20 per share, while consolidated net sales are expected to grow at a mid to high-single-digit percentage rate. The second-quarter report also showed adjusted EBITDA of USD 1.43 billion, up 13.80 percent, and operating cash flow of USD 1.35 billion for the quarter. The business remains diversified across Paint Stores, Consumer Brands and Performance...
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