RPM RPM INTERNATIONAL INC/DE/

NEUTRAL Impact: 4/10 8-K
Horizon months Filed Mar 5, 2026 Processed 3mo ago SEC 0001193125-26-094139
8-K Item 1.01 + 5.02 (likely routine officer/director compensation agreement)
Final — all horizons settled through T+60d
RPM ▲ +2.90% at T+60d
NEUTRAL call ✓ call won +2.90% · α vs SPY -9.88% · entry $101.67 → $104.62
Last close $107.05 (close Jun 12) · +5.29% from $101.67 entry
Entry anchored
Mar 5, 03:59 PM ET
via Databento tick
T+1d
+0.56%
call +0.56% · α -0.29%
$102.24
settled 3mo ago
T+5d
-2.22%
call -2.22% · α -0.69%
$99.41
settled 3mo ago
T+20d
-4.63%
call -4.63% · α -2.59%
$96.96
settled 2mo ago
T+60d
+2.90%
call +2.90% · α -9.88%
$104.62
settled 14d ago

Price Chart

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Executive Summary

RPM International Inc. amended its revolving credit facility on February 27, 2026, extending the term by five years to February 27, 2031. The amendment modifies interest rate spreads based on the company's debt rating, eliminates the interest coverage ratio covenant, and maintains a leverage ratio limit of 3.75 to 1.0.

Actionable Insight

The amendment signals stable credit conditions and improved financial flexibility. Traders should monitor future debt ratings, as changes could affect borrowing costs. The removal of the interest coverage covenant slightly increases risk tolerance but is offset by the maintained leverage ratio restriction.

Key Facts

  • RPM International Inc. amended its revolving credit facility on February 27, 2026.
  • The term of the credit agreement was extended by five years, now maturing on February 27, 2031.
  • Interest rates are based on SOFR or base rate plus spreads tied to the company's debt rating: 0.0% spread for base rate loans and 1.00% for SOFR-based loans at closing.
  • The amendment eliminated the interest coverage ratio covenant but retains the leverage ratio covenant (maximum 3.75 to 1.0).
  • A facility fee of 0.125% per annum applies, adjustable based on debt rating.

Financial Impact

Improved financial flexibility with extended maturity and updated covenants; no immediate cash impact.

debtinterest expenseleverage ratio

Risk Factors

  • Future increases in SOFR or base rates will increase interest expenses.
  • Failure to maintain leverage ratio covenant could trigger default.
  • Downgrade in debt rating could increase interest spreads and facility fees.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-094139
Document: 0001193125-26-094139-index-headers.html0001193125-26-094139
Document: 0001193125-26-094139-index.html0001193125-26-094139
Document: 0001193125-26-094139.txt0001193125-26-094139
3 reports for RPM
Performance horizon

Track record builds as more directional reports settle.

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Reports for RPM — sortable, filterable
Type Now
Jun 2, 2026
12d ago
8-K
NEUTRAL ★ 3/10
$103.41 $103.88▲ +0.45%▲ +0.06%$107.05 (+3.52%)
Apr 8, 2026
9w ago
8-K
BULLISH ★ 8/10
$108.74 $110.59▲ +1.70%▲ +1.13%$107.05 (−1.56%)
Mar 5, 2026
14w ago
8-K
NEUTRAL ★ 4/10
$101.67 $102.24▲ +0.56%▼ −0.29%$107.05 (+5.29%)
Showing 3 of 3

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