---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-395558"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2026-09-18T20:15:18+00:00"
generated_at: "2026-09-18T20:17:11.901378+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands enters $300M delayed draw term loan credit agreement

## Summary
- Term loan credit agreement provides up to $300M delayed draw, available in two draws, for general corporate purposes including debt repayment.
- Loans mature two years after initial borrowing; interest at Term SOFR or Base Rate plus margin up to 1.10% (SOFR) or 0.10% (Base) based on credit rating.
- Covenants include min consolidated interest coverage ratio of 2.50:1 and max net leverage ratio of 4.00:1 (4.50:1 after material acquisition).
- Unused commitments accrue ticking fee of 0.075% per annum starting 30 days after effective date; commitments expire June 18, 2027.

## SEC filing metadata
- accession: 0001193125-26-395558
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2026-09-18T20:15:18+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000119312526395558/0001193125-26-395558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000119312526395558/d104366d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-395558
- JSON: https://secwatch.observer/filing/0001193125-26-395558.json
- Plain text: https://secwatch.observer/filing/0001193125-26-395558.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.