Axalta Coating Systems Ltd. Files 8-K for Definitive Agreement

TL;DR

Axalta signed a big deal on 6/21, filed it 8-K style on 6/24.

AI Summary

Axalta Coating Systems Ltd. entered into a Material Definitive Agreement on June 21, 2024. The filing, designated as a Form 8-K, was submitted on June 24, 2024, and pertains to financial statements and exhibits.

Why It Matters

This filing indicates a significant contractual development for Axalta Coating Systems Ltd., which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of a material agreement and does not inherently present new risks.

Key Players & Entities

• Axalta Coating Systems Ltd. (company) — Registrant
• June 21, 2024 (date) — Date of earliest event reported
• June 24, 2024 (date) — Date of report
• 1050 Constitution Avenue, Philadelphia, Pennsylvania 19112 (address) — 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
• $550 million — t to the revolving credit facility from $550 million to $800 million and extend the maturity
• $800 million — ng credit facility from $550 million to $800 million and extend the maturity of the revolvin

Filing Documents

• axta-20240621.htm (8-K) — 29KB
• a62024revolverupsize_ex101.htm (EX-10.1) — 2199KB
• 0001616862-24-000046.txt ( ) — 2733KB
• axta-20240621.xsd (EX-101.SCH) — 2KB
• axta-20240621_lab.xml (EX-101.LAB) — 21KB
• axta-20240621_pre.xml (EX-101.PRE) — 12KB
• axta-20240621_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On June 21, 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 Fifteenth Amendment to Credit Agreement ("Amendment No. 15"), which amended that certain Credit Agreement dated as of February 1, 2013 (as amended, the "Credit Agreement"). Amendment No. 15 amended the Credit Agreement to, among other things, increase commitments available pursuant to the revolving credit facility from $550 million to $800 million and extend the maturity of the revolving credit facility from May 2026 to June 2029, provided that such date would be accelerated in certain circumstances as set forth in the Credit Agreement and Amendment No. 15. A copy of Amendment No. 15 is attached hereto as Exhibit 10.1 and is incorporated by reference herein. The foregoing description of Amendment No. 15 does not purport to be complete and is subject to, and qualified in its entirety by, the full text of Amendment No. 15.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Fifteenth Amendment to Credit Agreement, dated as of June 21, 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: June 24, 2024 By: /s/ Carl D. Anderson II Carl D. Anderson II Senior Vice President and Chief Financial Officer