Exhibit 5.1
[CALFEE, HALTER & GRISWOLD LLP LETTERHEAD]
July 30, 2020
RPM International Inc.
2628 Pearl Road
P.O. Box 777
Medina, Ohio 44258
We have acted as counsel for RPM International Inc. (the “Company”) in the preparation of a Registration Statement on Form S-3 (the “Registration Statement”) filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), in connection with the shelf registration for possible offer and sale from time to time of an indeterminate amount of the following securities (collectively, the “Securities”) of the Company:
(i) debt securities of the Company (the “Debt Securities”);
(ii) shares of common stock, par value $0.01 per share, of the Company (the “Common Stock”);
(iii) preferred stock, without par value, of the Company (the “Preferred Stock”);
(iv) warrants to purchase Debt Securities or Common Stock (collectively, the “Warrants”); and
(v) purchase contracts obligating holders to purchase Common Stock from the Company (the “Stock Purchase Contracts”).
The Securities may be offered separately or as part of units with other Securities (“Units”), in separate series, in amounts, at prices, and on terms to be set forth in the prospectus and one or more supplements to the prospectus (collectively, the “Prospectus”) constituting a part of the Registration Statement, and in the Registration Statement.
The Debt Securities are to be issued under the indenture dated as of April 8, 2014 between the Company and Wells Fargo Bank, National Association, as trustee (the “Indenture”). The Warrants are to be issued under one or more warrant agreements (the “Warrant Agreements”), to be entered into by the Company and one or more warrant agents to be named by the Company. The Stock Purchase Contracts are to be issued under one or more purchase contract agreements (the “Purchase Contract Agreements”) to be entered into by the Company and one or more purchase contract agents to be named by the Company.
Certain terms of the Securities to be issued by the Company from time to time will be approved by the Board of Directors of the Company or a committee thereof or certain authorized officers of the Company as part of the corporate action taken and to be taken (the “Corporate Proceedings”) in connection with the issuance of the Securities. We have examined or are otherwise familiar with the Certificate of Incorporation, as amended, of the Company, the By-Laws, as amended, of the Company, the Registration Statement, such of the Corporate Proceedings as have occurred as of the date hereof, and such other documents, records and instruments as we have deemed necessary or appropriate for the purposes of this opinion.
Based upon the foregoing, we are of the opinion that:
(i) the Common Stock, when authorized and sold as contemplated in the Registration Statement and the underwriting agreement applicable thereto, will be validly issued by the Company and will be fully paid and non-assessable;
(ii) the Preferred Stock, when authorized and sold as contemplated in the Registration Statement and the underwriting agreement applicable thereto, will be validly issued by the Company and will be fully paid and non-assessable;