8-KItem 1.01 · Material AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements
Constellation Brands Enters $300 Million Delayed-Draw Term Loan Agreement
Filed with the SEC on · Summarized by InvestorsBot
Constellation Brands entered a term loan credit agreement with Manufacturers and Traders Trust Company as administrative agent and other lenders, providing up to $300 million in delayed-draw loans in as many as two draws. The company may use any proceeds for general corporate purposes, including debt repayment; the facility expires by June 18, 2027, and loans would mature two years after the initial borrowing, with interest based on Term SOFR or the Base Rate plus credit-rating-based margins.