{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-26-009633","form_type":"8-K","ticker":"MKC","cik":"0000063754","company_name":"MCCORMICK & CO INC","filed_at":"2026-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.631356+00:00","generated_at":"2026-05-15T00:26:49.029972+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"confidence":"high","headline":"McCormick secures $2B term loan for Unilever foods acquisition; 3-year maturity, floating rate","bullets":["Borrows up to $2.0B under term loan facility; Citibank, Goldman Sachs, Morgan Stanley as arrangers.","Loan matures 3 years after closing of Merger; interest at Term SOFR + 0.75%-1.50% or Base Rate + 0.00%-0.50%.","Financial maintenance covenant: Consolidated EBITDA/Interest Expense ratio ≥ 3.75:1.00.","$2.0B of existing $15.7B bridge facility commitments terminated; replaced with term loan.","Proceeds to finance portion of cash consideration and fees for acquisition of Unilever's foods business."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-26-009633","json":"https://secwatch.observer/filing/0001999371-26-009633.json","markdown":"https://secwatch.observer/filing/0001999371-26-009633.md","text":"https://secwatch.observer/filing/0001999371-26-009633.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/63754/000199937126009633/0001999371-26-009633-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/63754/000199937126009633/apollo-8k_043026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T00:26:49.029972+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"}