secwatch.observer — SEC 8-K summary
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Issuer:     MOLSON COORS BEVERAGE CO (TAP)
CIK:        0000024545
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001104659-23-075566
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24545/000110465923075566/0001104659-23-075566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24545/000110465923075566/tm2319774d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-075566

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