RPM INTERNATIONAL INC/DE/ filed this Form 424B5 on 12/06/2017
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The following table sets forth our consolidated cash and cash equivalents and our consolidated capitalization as of August 31, 2017 and on an as adjusted basis to reflect the issuance and sale of the notes and the application of the net proceeds from the sale. This table should be read in conjunction with the financial information contained elsewhere or incorporated by reference in this prospectus supplement and the accompanying prospectus.


     As of August 31,
     Actual     As Adjusted  
     (Unaudited, dollars in millions)  

Cash and cash equivalents

   $ 236.2     $              (1) 







Long-term debt, including current portion:


$800 million, five-year revolving credit facility through December 5, 2019(2)

     229.1       229.1  

$200 million Accounts Receivable Securitization Program with two banks, through May 8, 2020(3)

     —         —    

6.50% Notes due 2018(4)

     249.7       —    

6.125% Notes due 2019(5)

     452.5       452.5  

2.25% Convertible Senior Notes due 2020(6)

     194.3       194.3  

3.450% Notes due 2022

     298.4       298.4  

5.25% Notes due 2045(7)

     298.4       298.4  

3.750% Notes due 2027(8)

     395.8       395.8  

    % Notes due         offered hereby

Other notes and mortgages payable at various rates of interest


















Total long-term debt, including current portion

     2,122.3       2,172.6  







Stockholders’ Equity:


Preferred stock (par value $0.01 per share); authorized—50,000,000 shares; none issued

     —         —    

Common stock (par value $0.01 per share); 300,000,000 shares authorized; 141,326,000 shares issued and 133,537,000 shares outstanding

     1.3       1.3  

Paid-in capital

     961.9       961.9  

Treasury stock, at cost

     (223.6     (223.6

Accumulated other comprehensive (loss)

     (429.4     (429.4

Retained earnings

     1,248.8       1,248.8  







Total stockholders’ equity

     1,559.1       1,559.1  







Total capitalization

   $ 3,681.4     $               







Ratio of total debt to total capitalization



(1) “Cash and cash equivalents” in the “As Adjusted” column has been increased to reflect the addition of $         million in proceeds from this offering, and reduced to reflect approximately $         million in offering expenses.



The credit facility is unsecured and expires on December 5, 2019. The facility is available to refinance existing indebtedness, to finance working capital and capital expenditure needs, to satisfy all or a portion of our obligations relating to the Bankruptcy Plan for our SPHC subsidiary and related entities, and for general corporate purposes. The maximum principal amount of the commitments under the credit facility may be expanded upon our request, subject to certain conditions, to $1.0 billion. The credit facility requires us to comply with various customary affirmative and negative covenants, including a leverage covenant and interest coverage ratio. Under the terms of the leverage covenant, we may not permit our consolidated



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