Item 1.01. Entry into a Material Definitive Agreement.
On May 26, 2020, Molson Coors Brewing Company (UK) Limited (the "Issuer"), a
subsidiary of Molson Coors Beverage Company (the "Company") that operates and
manages the Company's business in the United Kingdom, established a commercial
paper facility for the purpose of issuing short-term, unsecured
Sterling-denominated notes that are eligible for purchase under the Joint HM
Treasury and Bank of England's COVID Corporate Financing Facility commercial
paper program (the "Program") in an aggregate principal amount up to £300
million, which may be increased from time to time as provided in the Dealer
Agreement (as defined below).
In connection with the Program, the Issuer and the Company entered into a Dealer
Agreement (the "Dealer Agreement") with Lloyds Bank Corporate Markets PLC, as
arranger, and Lloyds Bank Corporate Markets PLC, as dealer (the "Dealer"),
pursuant to which notes may be issued to the Dealer at such prices and upon such
terms as the Issuer and the Dealer may agree. The maturities of the notes will
vary but will not be less than seven days nor greater than 364 days. The Dealer
Agreement contains customary representations, warranties, covenants and
indemnification provisions typical for the issuance of commercial paper of this
type. In addition, the Company entered into a Deed of Guarantee (the
"Guarantee") to guarantee the payment of all sums payable from time to time by
the Issuer in respect of the notes to the holders of any notes.
The foregoing descriptions of the Dealer Agreement and the Guarantee do not
purport to be complete and are qualified in their entirety by reference to the
full text of the Dealer Agreement and the Guarantee, which are filed as Exhibits
10.1 and 10.2, respectively, to this Current Report on Form 8-K, 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 in Item 1.01 above is incorporated by reference in this Item
2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1 Dealer Agreement dated May 21, 2020 by and between Molson Coors Brewing
Company (UK) Limited, Molson Coors Beverage Company, Lloyds Bank Corporate
Markets PLC, as arranger, and Lloyds Bank Corporate Markets PLC, as
dealer.
10.2 Deed of Guarantee dated May 21, 2020 by Molson Coors Beverage Company in
favor of the holders thereunder.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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