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Sherwin-Williams Issues $500 Million in New Debt

3:04 PM MST | December 16, 2009 | Vincent Valk

Sherwin-Williams is issuing $500 million in new debt in a public offering, according to a company SEC filing. The debt carries an interest rate of 3.125% and matures in 2014. The interest rate represents a 1% premium on the benchmark U.S. treasury bond. The proceeds from the debt sale will go towards reducing outstanding debt, capital expenditures and acquisitions, the filing...

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