UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
On November 1, 2023, The Sherwin-Williams Company (“Sherwin-Williams”) elected to exercise its optional redemption rights to redeem the entire outstanding $119,405,000 aggregate principal amount of its 7.375% Debentures due 2027 (the “7.375% Debentures”), and The Bank of New York Mellon, as trustee under the indenture governing the 7.375% Debentures, issued a redemption notice to registered holders of the 7.375% Debentures. The date fixed for the redemption of the 7.375% Debentures is December 6, 2023 (the “Redemption Date”). The 7.375% Debentures will be redeemed at a redemption price equal to the greater of (i) 100% of the principal amount of the 7.35% Debentures to be redeemed and (ii) the sum of the present values of the remaining scheduled payments thereon discounted at the treasury rate plus 10 basis points, plus accrued interest on the 7.375% Debentures to be redeemed from August 1, 2023 to the Redemption Date.
On November 1, 2023, Sherwin-Williams also elected to exercise its optional redemption rights to redeem the entire outstanding $3,500,000 aggregate principal amount of its 7.45% Debentures due 2097 (the “7.45% Debentures” and, together with the 7.375% Debentures, the “Debentures”), and The Bank of New York Mellon, as trustee under the indenture governing the 7.45% Debentures, issued a redemption notice to registered holders of the 7.45% Debentures. The date fixed for the redemption of the 7.45% Debentures is the Redemption Date. The 7.45% Debentures will be redeemed at a redemption price equal to the greater of (i) 100% of the principal amount of the 7.45% Debentures to be redeemed and (ii) the sum of the present values of the remaining scheduled payments thereon discounted at the treasury rate plus 15 basis points, plus accrued interest on the 7.45% Debentures to be redeemed from August 1, 2023 to the Redemption Date.
The foregoing does not constitute a notice of redemption with respect to any of the Debentures.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE SHERWIN-WILLIAMS COMPANY | ||||||
| Date: November 1, 2023 | By: | /s/ Stephen J. Perisutti | ||||
| Name: | Stephen J. Perisutti | |||||
| Title: | Vice President, Deputy General Counsel and Assistant Secretary | |||||