Constellation Brands Inc. has entered into a Term Loan Credit Agreement with Bank of America, N.A., and other lenders, effective May 9, 2025. The agreement provides for a delayed draw term loan of up to $500 million, available in two draws. The company plans to use the proceeds for general corporate purposes, including debt repayment. The commitments under the agreement will terminate once fully drawn or upon certain conditions. The Credit Agreement necessitates maintaining specific financial ratios and includes conditions similar to the company's Revolving Facility. This move strengthens Constellation Brands' financial flexibility for future corporate activities.
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