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SEC EDGAR · Company announcement

RPM: Material agreement · Leadership change

Filed 8-K for an event or period dated 2026-05-27. Material agreement; Leadership change.

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Became public
Jun 2, 2026, 4:25 PM EDT
Event / period date
May 27, 2026
Collected
Nov 10, 2026, 6:56 AM EST

Why this is connected

This filing identifies RPM INTERNATIONAL INC/DE/ as the issuer of the security. The company's SEC identifier connects it to RPM.

Source evidence

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Item 1.01 Entry into a Material Definitive Agreement Amendment of Accounts Receivable Securitization Facility On May 27, 2026, RPM International Inc. (the “Company”) amended its existing $300.0 million accounts receivable securitization facility (the “A/R Facility”) by entering into (i) Amendment No. 11 to Amended and Restated Receivables Purchase Agreement, dated as of May 27, 2026 (the “RPA Amendment”), among the Company, RPM Funding Corporation, a special purpose entity (the “SPE”) whose voting interests are wholly owned by the Company, certain purchasers from time to time party thereto, PNC Bank, National Association, as administrative agent, and PNC Capital Markets LLC, as structuring agent, and (ii) Amendment No. 14 to Second Amended and Restated Receivables Sale Agreement, dated as of May 27, 2026 (the “RSA Amendment”, and together with the RPA Amendment, the “Amendments”), among certain subsidiaries of the Company (the “Originators”) and the SPE. Among other things, the Amendments: • remove the credit spread adjustment for SOFR-based credit extensions; • eliminate the interest coverage ratio financial covenant; • clarify that the Applicable Margin (as defined in the RPA Amendment) applies to both SOFR-based and alternate-base-rate credit extensions, in accordance with the parties’ past practice; • add a leverage ratio financial covenant that the Company must comply with if the Company does not maintain an investment grade public debt rating with at least two specified rating agencies, which to the extent applicable requires that the Company not permit its leverage ratio (defined as the ratio of consolidated total indebtedness (less unencumbered cash and cash equivalents) to consolidated EBITDA for the four most recent fiscal quarters) as at the end of any fiscal

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