What specific changes were made to RPM International's $300 million receivables facility?

The amendments to RPM International Inc.'s $300 million accounts receivable securitization facility include removing the credit spread adjustment for SOFR-based credit extensions, eliminating the interest coverage ratio financial covenant, and adding a leverage ratio financial covenant.

What executive transition occurred at RPM International Inc. and what is the new role?

Timothy R. Kinser resigned as Vice President – Operations and transitioned to the role of Project Management Officer at RPM Enterprises, Inc.

RPM International Updates $300M Receivables Facility Amid Executive Transition

Jun 2, 2026

RPM International amended its $300 million receivables facility with PNC, adjusting financial covenants. Simultaneously, VP of Operations Timothy Kinser transitioned to a Project Management Officer role within RPM Enterprises.

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