8-KThe WireStrategic
Material Agreement
Filed Feb 28, 2019 · 7y ago · Accession 0001193125-19-057547
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 27, 2019
RPM INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Delaware
1-14187
02-0642224
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
2628 Pearl Road, P.O. Box 777, Medina, Ohio
44258
(Address of principal executive offices)
(Zip Code)
Registrants telephone number, including area code: (330)
273-5090
(Former
name or former address, if changed since last report.)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 1.01
Entry into a Material Definitive Agreement
On February 27, 2019, RPM International Inc. (the Company) closed its offering of $350 million aggregate principal amount
of 4.550% Notes due 2029 (the Notes) pursuant to an Underwriting Agreement (the Underwriting Agreement) with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Santander Investment Securities Inc. and Wells Fargo
Securities, LLC, as representatives of the several underwriters named therein (collectively, the Underwriters).
In connection
with the closing, on February 27, 2019, the Company issued and sold to the Underwriters the Notes pursuant to the Underwriting Agreement.
The Notes are governed by the Indenture, dated as of April 8, 2014 (the Base Indenture), between the Company and Wells Fargo
Bank, National Association, as supplemented by the Officers Certificate and Authentication Order, dated as of February 27, 2019 (the Officers Certificate). The Officers Certificate and the Base Indenture are
referred to herein collectively as the Indenture.
Interest on the Notes will accrue from February 27, 2019 and will be
payable semiannually in arrears on March 1 st and September 1 st of each year, beginning September 1, 2019, at a rate of 4.550%
per year. The Notes mature on March 1, 2029.
The Indenture provides that an Event of Default (as defined in the Indenture) will
occur if the Company defaults in any payment of interest on any Note when due and payable and the default continues for a period of 30 days, defaults in payment of any principal of any Note when due and payable at its stated maturity, upon optional
redemption, or upon any required repurchase or upon declaration of acceleration or otherwise (subject to applicable notice and/or grace periods). Other Events of Default under the Indenture include: the Companys failure to comply with certain
corporate restrictions in the Officers Certificate, the Companys failure to comply (subject to applicable notice and/or grace periods) with any of its other agreements contained in the Notes or the Indenture, the default under other
indebtedness of the Company in an amount equal to or greater than the greater of $50 million or 10% of Consolidated Stockholders Equity (as defined in the Indenture), any final judgment (subject to certain rights of appeal and other
limitations) against the Company or any of its subsidiaries in an amount equal to or greater than the greater of $50 million or 7% of Consolidated Stockholders Equity (as defined in the Indenture) remains unpaid or discharged for 60 days,
and certain events of bankruptcy, insolvency or reorganization.
In certain Event of Defaults, the Trustee by notice to the Company, or
the holders of at least 25% in principal amount of then outstanding Notes by notice to the Company and to the Trustee, may declare 100% of the principal of, and accrued and unpaid interest, if any, on, all then outstanding Notes to be due and
payable. Upon such a declaration, such principal and accrued and unpaid interest, if any, will be due and payable immediately.
The
foregoing description of the material terms of the Officers Certificate is qualified in its entirety by reference to the Officers Certificate which is filed herewith as Exhibit 4.1 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
Number
Description
4.1
Officers Certificate and Authentication Order dated February 27, 2019 for the 4.550% Notes due 2029 (which includes the form of Note) issued pursuant to the Indenture dated as of April
8, 2014, between the Company and Wells Fargo Bank, National Association.
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: February 28, 2019
/s/ Edward W. Moore
Edward W. Moore
Senior Vice President,
General
Counsel and Chief Compliance Officer
Filing details
- Company
- RPM INTERNATIONAL INC/DE/
- Ticker
- RPM
- CIK
- 110621
- Form type
- 8-K
- Filing date
- Feb 28, 2019
- Report date
- Feb 27, 2019
- Document
- d713950d8k.htm
- Size
- 110 KB