THE VALSPAR CORPORATION (NYSE:VAL) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Material Definitive Agreement. |
On June2, 2017, The Valspar Corporation (Valspar) entered into
supplemental indentures to the indentures governing its 7.250%
Notes due 2019 (the 2019 Notes), 4.200% Notes due 2022 (the 2022
Notes), 3.300% Notes due 2025 (the 2025 Notes), 3.950% Notes due
2026 (the 2026 Notes) and 4.400% Notes due 2045 (the 2045 Notes
and, collectively with the 2019 Notes, the 2022 Notes, the 2025
Notes and the 2026 Notes, the Existing Notes) following, as
applicable, the receipt of consents from the requisite holders of
each series of Existing Notes by The Sherwin-Williams Company, on
behalf of Valspar. The supplemental indentures to the indentures
governing the Existing Notes eliminated certain of the covenants,
restrictive provisions and events of default relating to the
Existing Notes.
The foregoing summary description of the supplemental indentures
does not purport to be complete and is qualified in its entirety
by the complete text of the respective supplemental indentures
which are attached to this Current Report on Form 8-K as Exhibits
4.1, 4.2, 4.3 and 4.4, and are incorporated herein by reference
as though fully set forth herein.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Number |
Exhibit |
|
| 4.1 |
Seventh Supplemental Indenture, dated as of June2, 2017, among Valspar and The Bank of New York Mellon Trust Company, N.A. (as successor to Bank One Trust Company, N.A.), as original trustee, and U.S. Bank National Association, as series trustee (collectively, the Trustees) (related to the indentures governing the 2019 Notes) |
|
| 4.2 |
Eighth Supplemental Indenture, dated as of June2, 2017, among Valspar and the Trustees (related to the indentures governing the 2022 Notes) |
|
| 4.3 |
Ninth Supplemental Indenture, dated as of June2, 2017, among Valspar and the Trustees (related to the indentures governing the 2025 Notes and the 2045 Notes) |
|
| 4.4 |
Tenth Supplemental Indenture, dated as of June2, 2017, among Valspar and the Trustees (related to the indentures governing the 2026 Notes) |
About THE VALSPAR CORPORATION (NYSE:VAL)
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America. The Paints segment includes consumer paints and automotive paint refinishes product lines. The Company offers a range of paints, primers, topcoats and aerosol spray paints through retailers, distribution networks and the Company-owned stores. The Company offers a portfolio of interior and exterior decorative paints, stains, primers, varnishes and specialty decorative products, such as enamels, aerosols and faux finishes, used in both the do-it-yourself and professional markets. THE VALSPAR CORPORATION (NYSE:VAL) Recent Trading Information
THE VALSPAR CORPORATION (NYSE:VAL) closed its last trading session at 0.0000 with 4,673,480 shares trading hands.
