UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
Amendment and Extension of Accounts Receivable Securitization Facility
On March 18, 2021, RPM International Inc. (the “Company”) amended and extended its existing $250.0 million accounts receivable securitization facility (the “A/R Facility”) by entering into Amendment No. 6 to Amended and Restated Receivables Purchase Agreement, dated as of March 18, 2021 (the “RPA Amendment”), among the Company, RPM Funding Corporation, a special purpose entity 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.
The RPA Amendment extends the facility termination date of the A/R Facility to May 21, 2024.
The Company paid customary fees to the administrative agent for this financing.
The description contained herein of the RPA Amendment is qualified in its entirety by reference to the full text of the RPA Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit Number |
Description | |
| 10.1 | Amendment No. 6 to Amended and Restated Receivables Purchase Agreement, dated as of March 18, 2021, among the Company, RPM Funding Corporation, certain purchasers from time to time party thereto, PNC Bank, National Association, as administrative agent, and PNC Capital Markets LLC, as structuring agent | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
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.
| RPM International Inc. | ||
| (Registrant) | ||
| Date March 24, 2021 | ||
| /s/ Edward W. Moore | ||
| Edward W. Moore Senior Vice President, General Counsel and Chief Compliance Officer |