Constellation Brands signs $300 million delayed-draw term loan credit agreement with M&T Bank-led lenders

Bitget2026/09/18 20:16

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Constellation Brands entered a Term Loan Credit Agreement on Sept. 18, 2026 with M&T Bank as administrative agent.
Delayed-draw term loan commitments total USD 300 million, available in up to two draws for general corporate purposes or debt repayment.
Commitments end when fully drawn, on the second funding date, or June 18, 2027; term loans mature two years from initial borrowing.
Pricing set at Term SOFR plus 0.7%-1.1% or base rate plus 0%-0.1%, tied to credit ratings.
Includes 2.5x minimum interest coverage covenant; net leverage cap 4x, stepping up to 4.5x for four quarters post-material acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Constellation Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-395558), on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Constellation Brands signs $300 million delayed-draw term loan credit agreement with M&T Bank-led lenders

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