secwatch.observer — SEC 8-K summary
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Issuer:     MOLSON COORS BEVERAGE CO (TAP)
CIK:        0000024545
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001104659-24-069654
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 amends credit agreement, extends maturity to 2029 and switches to CORRA
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- Entered Amendment No.1 to $2B credit agreement on June 3, 2024; maturity extended from June 26, 2028 to June 26, 2029.
- Interest rate on CAD borrowings switches from CDOR-based to CORRA-based, effective upon amendment.
- More than 50% of lenders (Extending Lenders) consented; conditions satisfied including no default and fee payment.
- Total commitment amount remains $2B; no other material terms changed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24545/000110465924069654/0001104659-24-069654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24545/000110465924069654/tm2416597d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-069654

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