Consolidation, Merger or Sale of Assets
The Indenture generally permits a consolidation or merger between us and another company. It also permits the sale or transfer by us of all or
substantially all of our property and assets and the purchase by us of all or substantially all of the property and assets of another company. These transactions are permitted if:
If we consolidate or merge
with or into any other corporation or sell all or substantially all of our assets according to the terms and conditions of the Indenture, the resulting or acquiring corporation will be substituted for us in the Indenture with the same effect as if
it had been an original party to the Indenture. As a result, the successor corporation may exercise our rights and powers under the Indenture, in our name or in its own name and we will be released from all our liabilities and obligations under the
Indenture and under the Debt Securities (Sections 11.01(a) and (b)).
Satisfaction and Discharge; Defeasance and Covenant Defeasance
The following discussion of satisfaction and discharge, defeasance and covenant defeasance will be applicable to a series of Debt Securities
only if we choose to have them apply to that series. If we do so choose, we will state that in the applicable prospectus supplement.
Satisfaction and Discharge. The Indenture will be satisfied and discharged if:
Defeasance and Covenant Defeasance. The Indenture provides,
if such provision is made applicable to the Debt Securities of a series, that:
RPM International Inc. (NYSE: RPM) owns subsidiaries that are world leaders in coatings, sealants, building materials and related services. From homes to precious landmarks worldwide, their brands are trusted by consumers and professionals alike to protect, improve and beautify. Among its leading consumer brands are Rust-Oleum, DAP and Zinsser. Learn more about RPM brands >>
RPM is a compelling long-term investment.
The percent by which RPM's 10-year total return has bested the S&P 500. More reasons >>
Get the latest news and financial information on why RPM is a good investment Download investor kit >>