Axalta Coating Systems Files 8-K: Material Agreement & Exhibits

TL;DR

Axalta filed an 8-K for a material agreement and exhibits. Keep an eye on this.

AI Summary

On November 26, 2024, Axalta Coating Systems Ltd. filed an 8-K report. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. The company's principal executive offices are located at 1050 Constitution Avenue, Philadelphia, PA 19112.

Why It Matters

This filing signals a significant contractual development for Axalta Coating Systems, potentially impacting its financial performance and operational strategies.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of a material definitive agreement and exhibits, not indicating immediate financial distress or significant operational changes.

Key Players & Entities

• Axalta Coating Systems Ltd. (company) — Registrant
• 1050 Constitution Avenue, Philadelphia, Pennsylvania 19112 (location) — Principal executive offices

FAQ

Key Financial Figures

• $1.00 — tion 12(b) of the Act: Common Shares, $1.00 par value AXTA New York Stock Exchange

Filing Documents

• axta-20241126.htm (8-K) — 29KB
• a11262024tlrepricingclose_.htm (EX-10.1) — 2001KB
• 0001616862-24-000071.txt ( ) — 2514KB
• axta-20241126.xsd (EX-101.SCH) — 2KB
• axta-20241126_lab.xml (EX-101.LAB) — 21KB
• axta-20241126_pre.xml (EX-101.PRE) — 12KB
• axta-20241126_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 26, 2024, Axalta Coating Systems Dutch Holding B B.V. and Axalta Coating Systems U.S. Holdings, Inc., as borrowers, Axalta Coating Systems Ltd. (the "Company"), Axalta Coating Systems U.S., Inc. and certain other subsidiaries of the Company party thereto, as guarantors, certain lenders party thereto and Barclays Bank PLC, as administrative agent and collateral agent, entered into the Sixteenth Amendment to Credit Agreement ("Amendment No. 16"), which amended that certain Credit Agreement dated as of February 1, 2013 (as amended, the "Credit Agreement"). Amendment No. 16 amended the Credit Agreement to lower the interest rate spread applicable to the term loan under the Credit Agreement, which will continue to be based on the Secured Overnight Financing Rate (SOFR), from 2.00% to 1.75% and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the term loan, remain unchanged. A copy of Amendment No. 16 is attached hereto as Exhibit 10.1 and is incorporated by reference herein. The foregoing description of Amendment No. 16 does not purport to be complete and is subject to, and qualified in its entirety by, the full text of Amendment No. 16.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Sixteenth Amendment to Credit Agreement, dated as of November 26, 2024, among Axalta Coating Systems Ltd., Axalta Coating Systems Dutch Holding B B.V., Axalta Coating Systems U.S. Holdings, Inc., Axalta Coating Systems U.S., Inc., certain subsidiary guarantors party thereto, certain lenders party thereto and Barclays Bank PLC, as administrative agent and collateral agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request.

SIGNATURES

SIGNATURES 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. AXALTA COATING SYSTEMS LTD. Date: November 26, 2024 By: /s/ Carl D. Anderson II Carl D. Anderson II Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR