Item 1.01 Entry into a Material Definitive Agreement. On June 19, 2020, Molson Coors Beverage Company (the "Company"), Molson Coors Brewing Company (UK) Limited, Molson Canada 2005, Molson Coors Canada Inc. and Molson Coors International LP (together with the Company, the "Borrowers"), the lenders party thereto, and Citibank, N.A., as administrative agent, entered into that certain Amendment No. 2 (the "Amendment No. 2") to the Credit Agreement dated as of July 7, 2017 (as amended by that certain Amendment No. 1 and Extension Agreement, dated as of July 19, 2018, that certain Extension Agreement, dated as of July 7, 2019, and as further amended, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement") by and among the Borrowers, Citibank, N.A., as administrative agent, and the other agents and lenders named therein.

The Amendment No. 2, among other things, (i) temporarily increases certain levels of the applicable rate by 25 basis points for the period beginning June 19, 2020 and ending on the last day of the fiscal quarter ending September 30, 2021, and (ii) revises the leverage ratios under the financial maintenance covenant for each fiscal quarter of the Company ending on or after June 30, 2020 through the maturity of the Credit Agreement as follows:

Fiscal Quarter                                   Leverage Ratio
as of the last day of the fiscal quarter ending June 30, 2020                4.75:1.00
as of the last day of the fiscal quarter ending September 30, 2020           5.25:1.00

and the last day of each of the following fiscal quarters through March 31, 2021 as of the last day of the fiscal quarter ending June 30, 2021

                4.75:1.00
as of the last day of the fiscal quarter ending September 30, 2021           4.50:1.00
as of the last day of the fiscal quarter ending December 31, 2021            4.00:1.00

and the last day of each of the following fiscal quarters

The foregoing description of the material terms of the Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment No. 2, 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 in Item 1.01 of this report is incorporated by reference into this Item 2.03.




Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit Number                 Description
10.1                             Amendment No. 2, dated as of June 19, 2020, by and among Molson
                               Coors Beverage Company, Molson Coors Brewing Company (UK) Limited,
                               Molson Canada 2005, Molson Coors Canada Inc. and Molson Coors
                               International LP, the lenders party thereto, and Citibank, N.A., as
                               administrative agent.
104                            Cover Page Interactive Data File (embedded within the Inline XBRL
                               document).

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                                   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 22, 2020     By:   /s/ E. Lee Reichert
                                 E. Lee Reichert
                                 Chief Legal & Government Affairs Officer and Secretary

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