Sherwin-Williams Secures $850M in Loans and Raises Fiscal 2026 Guidance

Key Facts

1Sherwin-Williams secured a $750 million senior unsecured term loan and a EUR 100 million term loan for its Luxembourg unit.

2The company raised its fiscal 2026 adjusted earnings guidance to a range of $11.80-$12.20 per share.

3Consolidated net sales for Q2 grew 7.50% to $6.79 billion, exceeding market estimates.

Sherwin-Williams secured a $750 million senior unsecured term loan and an additional EUR 100 million term loan for its Luxembourg unit, AD HOC NEWS reported. Alongside the new financing, the company raised its fiscal 2026 adjusted earnings guidance to a range of $11.80 to $12.20 per share. This update follows a strong second quarter where consolidated net sales grew 7.50% to $6.79 billion, surpassing market estimates.

The new borrowing follows the repayment and termination of a previous credit facility on September 24, 2026, providing the company with additional financing capacity while maintaining its leverage covenant at 3.75 to 1.00. Sherwin-Williams had a market capitalization of $78.5 billion as of September 30, 2026, with its 52-week price range standing between $289.86 and $377.77 on that date. RBC Capital Markets reaffirmed an Outperform rating and a $420.00 price target for the stock on September 22, 2026.