{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-116925","form_type":"8-K","ticker":"STZ","cik":"0000016918","company_name":"CONSTELLATION BRANDS, INC.","filed_at":"2025-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.357515+00:00","generated_at":"2026-05-22T01:50:08.499907+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Constellation Brands enters $500M delayed draw term loan facility","bullets":["Aggregate principal amount $500M, available in up to two draws.","Proceeds will be used for general corporate purposes, including debt repayment.","Maturity two years after initial borrowing; commitments expire Nov 7, 2025 if undrawn.","Interest at Term SOFR or Base Rate plus spread (0.750%-1.250% SOFR; 0.000%-0.250% Base Rate).","Covenants: min interest coverage 2.50:1.00; max net leverage 4.00:1.00 (step-up to 4.50 after material acquisition)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-116925","json":"https://secwatch.observer/filing/0001193125-25-116925.json","markdown":"https://secwatch.observer/filing/0001193125-25-116925.md","text":"https://secwatch.observer/filing/0001193125-25-116925.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/16918/000119312525116925/0001193125-25-116925-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/16918/000119312525116925/d61467d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T01:50:08.499907+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}