---
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"
generated_at: "2026-05-15T00:26:49.029972+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# McCormick secures $2B term loan for Unilever foods acquisition; 3-year maturity, floating rate

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-26-009633
- JSON: https://secwatch.observer/filing/0001999371-26-009633.json
- Plain text: https://secwatch.observer/filing/0001999371-26-009633.txt

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