Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-217291
Supplementing the Preliminary
Prospectus Supplement dated February 25, 2019
(To Prospectus dated April 13, 2017)
RPM International Inc.
4.550% Notes due 2029
Final Term Sheet
The following information supplements the Preliminary Prospectus Supplement dated February 25, 2019, and is filed pursuant to Rule 433, under Registration No. 333-217291.
February 25, 2019
|Issuer:||RPM International Inc.|
|Ratings (Moodys / S&P / Fitch):*||Baa3 (Stable) / BBB (Stable) / BBB (Negative)|
|Type of Offering:||SEC Registered|
|Trade Date:||February 25, 2019|
|Settlement Date (T+2):||February 27, 2019|
|Change of Control Offer:||If a change of control triggering event occurs, the Issuer will be required, subject to certain conditions, to offer to repurchase the Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest to, but excluding, the repurchase date (all as described in the Issuers Preliminary Prospectus Supplement dated February 25, 2019 relating to the Notes).|
|Denominations:||$2,000 x $1,000|
|Joint Book-Running Managers:||
Merrill Lynch, Pierce, Fenner & Smith
Santander Investment Securities Inc.
Wells Fargo Securities, LLC
Citizens Capital Markets, Inc.
Fifth Third Securities, Inc.
KeyBanc Capital Markets Inc.
MUFG Securities Americas Inc.
PNC Capital Markets LLC
|Aggregate Principal Amount Offered:||$350,000,000|
|Maturity Date:||March 1, 2029|
|Interest Payment Dates:||Semi-annually on March 1 and September 1, beginning on September 1, 2019|
|Price to Public (Issuer Price):||99.856% of principal amount, plus accrued interest|
|Yield to Maturity:||4.568%|
|Benchmark Treasury:||UST 2.625% due February 15, 2029|
|Benchmark Treasury Price / Yield:||99-20 / 2.668%|
|Spread to Benchmark Treasury:||1.90% (190 basis points)|
The Notes will be redeemable at the Issuers option, at any time in whole or from time to time in part, prior to December 1, 2028 (3 months prior to the maturity date of the Notes), at a redemption price equal to (A) the greater of (i) 100% of the principal amount of such Notes and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes discounted to the redemption date on a semi-annual basis at the Treasury Rate plus 0.300% (30 basis points), plus (B) accrued and unpaid interest to (but excluding) the redemption date.
At any time on or after December 1, 2028 (3 months prior to the maturity date of the Notes), the Notes will be redeemable, at any time in whole or from time to time in part, at the Issuers option at par plus accrued and unpaid interest thereon to but excluding the redemption date.
CUSIP / ISIN Number:
|749685 AX1/ US749685AX13|
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting the SEC website at www.sec.gov. Alternatively, the Issuer, or any underwriter or any dealer participating in the offering, will arrange to send you the prospectus if you request it by calling or e-mailing Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or e-mailing: firstname.lastname@example.org or by calling or e-mailing Santander Investment Securities Inc. toll free at 1-855-403-3636 or e-mailing email@example.com or by calling or e-mailing Wells Fargo Securities, LLC at 1-800-645-3751 or e-mailing: firstname.lastname@example.org.