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

From the Filing

0001616862-24-000071.txt : 20241126 0001616862-24-000071.hdr.sgml : 20241126 20241126084427 ACCESSION NUMBER: 0001616862-24-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241126 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241126 DATE AS OF CHANGE: 20241126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Axalta Coating Systems Ltd. CENTRAL INDEX KEY: 0001616862 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 981073028 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36733 FILM NUMBER: 241498280 BUSINESS ADDRESS: STREET 1: 1050 CONSTITUTION AVENUE CITY: PHILADELPHIA STATE: PA ZIP: 19112 BUSINESS PHONE: (855) 629-2582 MAIL ADDRESS: STREET 1: 1050 CONSTITUTION AVENUE CITY: PHILADELPHIA STATE: PA ZIP: 19112 8-K 1 axta-20241126.htm 8-K axta-20241126 0001616862 false false 0001616862 2024-11-26 2024-11-26 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) November 26, 2024 AXALTA COATING SYSTEMS LTD. (Exact name of registrant as specified in its charter) Bermuda 001-36733 98-1073028 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1050 Constitution Avenue , Philadelphia , Pennsylvania 19112 (Address of principal executive offices)    (Zip Code) ( 855 ) 547-1461 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Common Shares, $1.00 par value AXTA New York Stock Exchange (Title of class) (Trading symbol) (Exchange on which registered) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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 lo