8-K
MOLSON COORS BEVERAGE CO (TAP)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 26, 2025
MOLSON COORS BEVERAGE COMPANY
(Exact name of registrant as specified in its charter)
Commission
File Number: 001-14829
| Delaware | 84-0178360 |
|---|---|
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
P.O. Box 4030, BC555, Golden, Colorado 80401
111 Boulevard Robert-Bourassa, 9th Floor, Montréal, Québec, Canada H3C 2M1
(Address of principal executive offices, including zip code)
(303) 279-6565 / (514) 521-1786
(Registrant’s telephone number, including area code)
Not
applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbols | Name of each exchange on which registered |
|---|---|---|
| Class A Common Stock, par value $0.01 | TAP.A | New York Stock Exchange |
| Class B Common Stock, par value $0.01 | TAP | New York Stock Exchange |
| 3.800% Senior Notes due 2032 | TAP 32 | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 1.01 | Entry into a Material Definitive Agreement. |
|---|
On June 26, 2025, Molson Coors Beverage Company (the “Company”) entered into that certain Extension Agreement (the “Extension Agreement”), by and among the Company, the lenders party thereto and Citibank, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), which extended the maturity date of the revolving commitments under that certain Amended and Restated Credit Agreement, dated as of June 26, 2023, by and among the Company, Molson Coors Brewing Company (UK) Limited, Molson Canada 2005, Molson Coors Canada Inc. and Molson Coors International LP, the other borrowing subsidiaries from time to time party thereto, the lenders from time to time party thereto, the Administrative Agent, and the issuing banks from time to time party thereto, (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) from June 26, 2029 to June 26, 2030.
The foregoing description of the material terms of the Extension Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Extension Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
|---|
The information set forth above in Item 1.01 of this Current Form on Form 8-K is incorporated by reference into this Item 2.03.
| Item 9.01 | Financial Statements and Exhibits. |
|---|
(d) Exhibits:
| ExhibitNumber | Document Description |
|---|---|
| 10.1 | Extension Agreement, dated as of June 26, 2025, by and among Molson Coors Beverage Company, the lenders party thereto, and Citibank, N.A., as Administrative Agent. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
2
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MOLSON COORS BEVERAGE COMPANY | |||
|---|---|---|---|
| Date: | June 27, 2025 | By: | /s/ Natalie G. Maciolek |
| Natalie G. Maciolek | |||
| Chief Legal & Government Affairs Officer and Secretary |
3
Exhibit 10.1
Execution Version
EXTENSION AGREEMENT
June 26, 2025
Citibank, N.A.,
as Administrative Agent
under the Credit Agreement
referred to below
Ladies and Gentlemen:
The undersigned hereby agrees to extend, effective June 26, 2025, the Maturity Date under that certain Amended and Restated Credit Agreement, dated as of June 26, 2023, among Molson Coors Beverage Company, Molson Coors Brewing Company (UK) Limited, Molson Canada 2005, Molson Coors Canada Inc. and Molson Coors International LP, the other Borrowing Subsidiaries from time to time party thereto, the Lenders and Issuing Banks from time to time party thereto and Citibank, N.A., as Administrative Agent (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), for one year to June 26, 2030. Terms defined in the Credit Agreement are used herein with the same meaning.
This Extension Agreement is subject to satisfaction of the conditions set forth in Section 2.08(f) of the Credit Agreement.
This Extension Agreement shall be construed in accordance with and governed by the law of the State of New York.
[Remainder of Page Intentionally Left Blank]
| CITIBANK, N.A., as Administrative Agent | ||
|---|---|---|
| By: | /s/ Daniel Boselli | |
| Name: | Daniel Boselli | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| CITIBANK, N.A. | ||
|---|---|---|
| By: | /s/ Daniel Boselli | |
| Name: | Daniel Boselli | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| Bank of America, N.A. | ||
|---|---|---|
| By: | /s/ Ryan Van Stedum | |
| Name: | Ryan Van Stedum | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| GOLDMAN SACHS BANK USA | ||
|---|---|---|
| By: | /s/ Ananda DeRoche | |
| Name: | Ananda DeRoche | |
| Title: | Authorized Signatory |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| BANK OF MONTREAL, Chicago Branch | ||
|---|---|---|
| By: | /s/ Jamie Kovatchis | |
| Name: | Jamie Kovatchis | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| BANK OF MONTREAL, Canada Branch | ||
|---|---|---|
| By: | /s/ Ben Suissa | |
| Name: | Ben Suissa | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| BANK OF MONTREAL, London Branch | ||
|---|---|---|
| By: | /s/ Andrew Nelson | |
| Name: | Andrew Nelson | |
| Title: | Director | |
| By: | /s/ Richard Pittam | |
| --- | --- | --- |
| Name: | Richard Pittam | |
| Title: | Managing Director |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| Capital One National Association | ||
|---|---|---|
| By: | /s/ David Guettlein | |
| Name: | David Guettlein | |
| Title: | Authorized Signer |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| JPMorgan Chase Bank, N.A. | ||
|---|---|---|
| By: | /s/ James Kyle O’Donnell | |
| Name: | James Kyle O’Donnell | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| MIZUHO BANK, LTD. | ||
|---|---|---|
| By: | /s/ Tracy Rahn | |
| Name: | Tracy Rahn | |
| Title: | Managing Director |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| Royal Bank of Canada | ||
|---|---|---|
| By: | /s/ Emily Grams | |
| Name: | Emily Grams | |
| Title: | Authorized Signatory |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| The Bank of Nova Scotia | ||
|---|---|---|
| By: | /s/ Eugene Dempsey | |
| Name: | Eugene Dempsey | |
| Title: | Director |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| U.S. Bank National Association | ||
|---|---|---|
| By: | /s/ Christi K. Shaw | |
| Name: | Christi K. Shaw | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| UNICREDIT BANK GmbH, NEW YORK BRANCH | ||
|---|---|---|
| By: | /s/ Kimberly Sousa | |
| Name: | Kimberly Sousa | |
| Title: | Managing Director | |
| By: | /s/ Stephan Stoffel | |
| --- | --- | --- |
| Name: | Stephan Stoffel | |
| Title: | Associate Director |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| ING Bank N.V., Dublin Branch | ||
|---|---|---|
| By: | /s/ Louise Gough | |
| Name: | Louise Gough | |
| Title: | Director | |
| By: | /s/ Padraig Matthews | |
| --- | --- | --- |
| Name: | Padraig Matthews | |
| Title: | Director |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| MORGAN STANLEY BANK, N.A. | ||
|---|---|---|
| By: | /s/ Michael King | |
| Name: | Michael King | |
| Title: | Authorized Signatory |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| Lloyds Bank Corporate Markets, plc | ||
|---|---|---|
| By: | /s/ Catherine Lim | |
| Name: | Catherine Lim | |
| Title: | Assistant Vice President | |
| By: | /s/ Tina Wong | |
| --- | --- | --- |
| Name: | Tina Wong | |
| Title: | Assistant Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| PNC Bank, National Association | ||
|---|---|---|
| By: | /s/ Naml Muhammad | |
| Name: | Naml Muhammad | |
| Title: | Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| PNC Bank, Canada Branch | ||
|---|---|---|
| By: | /s/ Caroline M Stade | |
| Name: | Caroline M Stade | |
| Title: | Senior Vice President |
[Signature Page to Extension Agreement – Molson Coors (2025)]
| The Northern Trust Company | ||
|---|---|---|
| By: | /s/ Lisa DeCristofaro | |
| Name: | Lisa DeCristofaro | |
| Title: | SVP |
[Signature Page to Extension Agreement – Molson Coors (2025)]
Agreed and accepted:
| MOLSON COORS BEVERAGE COMPANY | ||
|---|---|---|
| By: | /s/ Patrick Porter | |
| Name: | Patrick Porter | |
| Title: | Vice President and Treasurer |
[Signature Page to Extension Agreement – Molson Coors (2025)]