PPG Industries Enters Material Definitive Agreement
Ticker: PPG · Form: 8-K · Filed: 2025-03-04T00:00:00.000Z
Sentiment: neutral
Topics: debt, agreement
TL;DR
PPG inked a new deal, expect financial obligations.
AI Summary
On February 26, 2025, PPG Industries, Inc. entered into a material definitive agreement related to its financial obligations. This filing specifically mentions the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The company also reported other events and filed financial statements and exhibits.
Why It Matters
This filing indicates PPG Industries is undertaking new financial commitments, which could impact its balance sheet and future financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk if not managed effectively.
Key Players & Entities
- PPG INDUSTRIES, INC. (company) — Filer
- February 26, 2025 (date) — Date of earliest event reported
- 0000079879 (company) — Central Index Key
- PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS (industry) — Standard Industrial Classification
- ONE PPG PL 40 EAST (address) — Business Address
- PITTSBURGH (location) — City
- PA (location) — State
- 15272 (zip_code) — Business Address Zip
- 4124343131 (phone_number) — Business Phone
FAQ
What specific type of material definitive agreement did PPG Industries enter into?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this summary.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is February 26, 2025.
What is PPG Industries' Central Index Key (CIK)?
PPG Industries' Central Index Key is 0000079879.
What is PPG Industries' Standard Industrial Classification (SIC) code and description?
PPG Industries' SIC code is 2851, which corresponds to PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS.
What are the listed financial instruments associated with PPG Industries in this filing?
The filing lists several notes including ppg:A0.875Notesdue2025Member, ppg:A1875NotesDue2025Member, ppg:A1.400Notesdue2027Member, and ppg:A2750NotesDue2029Member.
From the Filing
0001193125-25-044838.txt : 20250304 0001193125-25-044838.hdr.sgml : 20250304 20250304071855 ACCESSION NUMBER: 0001193125-25-044838 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20250226 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250304 DATE AS OF CHANGE: 20250304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPG INDUSTRIES INC CENTRAL INDEX KEY: 0000079879 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 250730780 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01687 FILM NUMBER: 25701542 BUSINESS ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 BUSINESS PHONE: 4124343131 MAIL ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 FORMER COMPANY: FORMER CONFORMED NAME: PITTSBURGH PLATE GLASS CO DATE OF NAME CHANGE: 19681219 8-K 1 d849490d8k.htm 8-K 8-K PPG INDUSTRIES INC false 0000079879 0000079879 2025-02-26 2025-02-26 0000079879 us-gaap:CommonStockMember 2025-02-26 2025-02-26 0000079879 ppg:A0.875Notesdue2025Member 2025-02-26 2025-02-26 0000079879 ppg:A1875NotesDue2025Member 2025-02-26 2025-02-26 0000079879 ppg:A1.400Notesdue2027Member 2025-02-26 2025-02-26 0000079879 ppg:A2750NotesDue2029Member 2025-02-26 2025-02-26     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): February 26, 2025     PPG INDUSTRIES, INC. (Exact name of registrant as specified in its charter)       Pennsylvania   001-1687   25-0730780 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   One PPG Place , Pittsburgh , Pennsylvania   15272 (Address of principal executive offices)   (Zip code) (412) 434-3131 (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.):   ☐ 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 Exchange Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $1.66 2/3   PPG   New York Stock Exchange 0.875% Notes due 2025   PPG 25   New York Stock Exchange 1.875% Notes due 2025   PPG 25A   New York Stock Exchange 1.400% Notes due 2027   PPG 27   New York Stock Exchange 2.750% Notes due 2029   PPG 29A   New York Stock Exchange 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 Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, i