secwatch.observer — SEC 8-K summary
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Issuer:     Monster Beverage Corp (MNST)
CIK:        0000865752
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001104659-24-064691
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monster Beverage enters $1.5B credit facilities: $750M term loan & $750M revolver
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- Three-year unsecured delayed draw term loan facility of $750M, available for three months; matures May 22, 2027.
- Five-year unsecured revolving credit facility of $750M, includes $50M LC sublimit and $75M swingline; matures May 22, 2029.
- Borrowings bear interest at Base Rate or SOFR plus margin based on leverage/ratings; accordion allows up to $750M additional.
- Term loan guaranteed by Monster Energy Company; revolver guaranteed by Monster Beverage Corp and Monster Energy Company.
- Covenant includes maximum total net leverage ratio; customary representations and defaults.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/865752/000110465924064691/0001104659-24-064691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/865752/000110465924064691/tm2415312d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-064691

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