Molson Coors enters $2.0B revolving credit facility maturing June 2028

MOLSON COORS BEVERAGE CO

Five-year $2.0B revolving credit facility, replace prior 2017 agreement.
Maturity June 26, 2028, with option to extend up to two additional years.
Borrowers can request increase up to $500M plus additional amounts if leverage ≤4.00x.
Interest rate based on Term SOFR plus margin ranging 0.875%-1.875% based on credit rating.
Covenant requires maximum leverage ratio of 4.00:1.00; general unsecured obligations.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOLSON COORS BEVERAGE CO amended Amended and Restated Credit Agreement with the lenders party thereto valued at up to $2.0 billion (effective 2023-06-26).

Action: amendment
Agreement: credit facility
Counterparty: the lenders party thereto
Value: up to $2.0 billion
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, Molson Coors Beverage Company (the “ Company ”) entered into that certain Amended and Restated Credit Agreement (the “ Amended and Restated Credit Agreement ”) by and among the Company, Molson Coors Brewing Company (UK) Limited, Molson Canada 2005, Molson Coors Canada Inc., Molson Coors International LP (together with the Company, the “ Borrowers ”), the lenders party thereto, Citibank, N.A., as Administrative Agent and an Issuing Bank, and Bank of America, N.A. and Goldman Sachs Bank USA, as Issuing Banks.

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Source: SEC EDGAR

accession 0001104659-23-075566

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