secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2026-09-18T20:15:18+00:00
Accession:  0001193125-26-395558
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000119312526395558/0001193125-26-395558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000119312526395558/d104366d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-395558

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer