secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001564590-22-039622
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Beer enters into $150M credit facility maturing Dec 2027, replacing prior undrawn facility
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- New unsecured $150M revolving credit facility with Bank of America as administrative agent; matures December 16, 2027.
- Interest at Term SOFR + 1.10% or Base Rate + 0.10%; no principal payments until maturity.
- Prior $150M facility terminated with $0 outstanding; no early termination penalties incurred.
- Financial covenants: interest coverage >= 2.00x, leverage <= 2.50x EBITDA.
- Only American Craft Brewery LLC is a guarantor at closing; other material subsidiaries may join.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000156459022039622/0001564590-22-039622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000156459022039622/sam-8k_20221216.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-039622

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